Gas
Qatar
+7
The shortage that survives the war
When the ceasefire comes, it will feel like relief. It shouldn’t.
Apr 2, 2026
•
15 min read
Shipping
+4
The crisis is pulling the energy system apart
The instinctive read on an energy crisis is straightforward. Supply disrupts, prices spike, the transition slows.
Mar 26, 2026
•
8 min read
Equities
+5
Where the disruption becomes investable
What began as an oil shock is already propagating through adjacent supply chains.
Mar 19, 2026
•
9 min read
Shipping
+4
The number that shut the Strait
The Strait wasn't shut by force. It was shut by this chart.
Mar 19, 2026
•
2 min read
Shipping
+4
This week in energy
Iraq's oil minister confirmed on Tuesday that Baghdad is in direct contact with Iran to negotiate passage for its oil tankers through the Strait.
Mar 19, 2026
•
2 min read
Equities
+4
LNG Infrastructure
The disruption to Qatari supply has revealed something important about the LNG market
Mar 12, 2026
•
9 min read
Shipping
+3
One facility. One strait. One system.
The US share looks larger than Qatar’s.
Mar 12, 2026
•
2 min read
Equities
+5
Not enough pipes to plug the leak
The LNG system was built for a world where supply risk was diffuse.
Mar 12, 2026
•
11 min read
Shipping
+2
Data corner
Dutch TTF gas futures closed at €31.96 on 27 February. By 9 March they had reached €56.45.
Mar 12, 2026
•
3 min read
If you only read one thing this week
Qatar supply shock: repricing global gas
Mar 12, 2026
•
1 min read
Shipping
+4
This week in energy
The EU's ban on short-term Russian LNG contracts takes effect on 25 April, with a full prohibition on long-term LNG deals from 2027.
Mar 12, 2026
•
2 min read
Equities
+3
Two assumptions, one stock price
European industrial equities have moved sharply since the crisis began. Not all of them have moved in the same direction.
Mar 9, 2026
•
8 min read
Shipping
+4
The three clocks of Hormuz
At some point a ceasefire will reopen the strait. But it will not restart the system.
Mar 9, 2026
•
8 min read
Shipping
+5
The two-phase shipping trap
The market has priced longer voyages. It has not priced fewer cargoes.
Mar 6, 2026
•
10 min read
