Watchlist

The Watchlist tracks where momentum is building across the energy landscape, one sector at a time. It shows what’s changing, where attention is shifting and what to watch next.

Hormuz governance

Who prices, who enforces, who pays?

This week’s Watchlist follows the Hormuz governance dispute into three corporate layers: Clarksons in the market-pricing layer, L3Harris in the enforcement architecture and Saudi Aramco in the cargo economics of Gulf crude.

Jul 16, 2026

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5 min read

Watchlist

The LNG chain behind Hormuz

This week’s Watchlist follows that argument down the LNG supply chain: the carrier that owns the struck vessel, a European gas-security balance sheet tied directly to the storage deficit, and the Atlantic Basin supplier positioned where replacement LNG demand is likely to show up.

Jul 9, 2026

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4 min read

SLB Schlumberger

The release valves

This week’s Watchlist is about the assets and companies that help explain why the crisis premium has faded – the infrastructure, pipelines and services that give the market somewhere else to look when Hormuz risk rises.

Jul 2, 2026

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4 min read

Technip Energies

The grey-zone operators

Hormuz is neither open nor closed. This week's Watchlist looks at three companies exposed to the conditional corridor from different positions: the tanker operator being paid for uncertainty, the LNG buyer that just got a cargo through, and the defence technology company whose navigation systems matter more when GPS can't be trusted.

Jun 25, 2026

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4 min read

Technip Energies

The reconstruction trade

Brent has repriced the ceasefire. This week’s Watchlist is about something different: the companies exposed to the slow, complex work of rebuilding the system behind it. Not the commodity price trade – that’s already happened. The reconstruction trade belongs to companies that understand what’s broken, how long it takes to fix and what it costs to make energy flows commercial again.

Jun 18, 2026

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4 min read

Grindrod

Who sits on the detour

When shipping routes change, the impact does not stop with freight rates. It moves into port infrastructure, insurance markets and the commercial geography of the new route.

Jun 11, 2026

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5 min read

DHT Holdings

The missing buyer – three corporate exposures

China’s withdrawal from the spot crude market has been the oil market’s most underappreciated shock absorber. When it returns, the dynamics change sharply.

Jun 4, 2026

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4 min read

Demand destruction

The feedstock advantage

This week's Watchlist looks at three companies on the electric side of the energy crisis –the side that isn’t running on molecules.

May 28, 2026

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5 min read

Renewable energy

Building the shock absorber

This week's Watchlist looks at three companies on the electric side of the energy crisis –the side that isn’t running on molecules.

May 21, 2026

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4 min read

Food inflation

Three positions in a world of conditional access

Food prices are usually the last place an energy shock becomes visible. The first signs appear upstream – in diesel, ammonia, urea, potash and planting decisions. This week’s Watchlist looks at three fertiliser producers outside the disrupted Gulf supply chain, at a moment when the market is asking where reliable non-Gulf crop nutrient supply can come from.

May 14, 2026

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4 min read

Container logistics

Three positions in a world of conditional access

The Strait of Hormuz has become a gating system – one that determines who gets energy and on what terms. Companies don’t just have exposure to this crisis. They sit in fundamentally different positions within it. These aren’t just different companies. They’re different roles in a system that is reorganising in real time.

May 7, 2026

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4 min read

Tank terminal infrastructure

Where the damage shows up in earnings

These are not companies betting on resolution. They are companies whose results may help indicate whether the cumulative damage the briefing describes is as large as the physical data implies – and in one case, early reporting has already begun to suggest an answer.

Apr 30, 2026

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5 min read

North American crude

Where the price gap becomes a margin

These are not companies that happen to be in the right place. They are companies whose operating model is structured around the current war-induced dislocation – and whose next earnings reports will show whether that dislocation is as large as the physical market implies.

Apr 23, 2026

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4 min read

Australian LNG

Where the system is rerouting

These are not companies that benefit from chaos. They are companies the system is being forced to rely on – and whose decisions will show whether the structural shift in the briefing is real or temporary.

Apr 16, 2026

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4 min read

Shipping recovery

Where the recovery shows up first

These are not companies that benefit from the ceasefire. They are companies whose reported data may provide early indications of whether the recovery is materialising in practice.

Apr 9, 2026

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4 min read

Qatar rebuild

Where the system tightens

The ceasefire won’t fix the damaged trains at Ras Laffan. The companies that can are already fully booked. This is where the physical constraint actually sits.

Apr 2, 2026

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5 min read

The long timeline of the energy crisis

The crisis has generated a lot of heat around the companies best positioned for the next six months.

Mar 26, 2026

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11 min read

Equities

Where the disruption becomes investable

What began as an oil shock is already propagating through adjacent supply chains.

Mar 19, 2026

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9 min read

Equities

LNG Infrastructure

The disruption to Qatari supply has revealed something important about the LNG market

Mar 12, 2026

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9 min read

Watchlist

Who prices, who enforces, who pays?

The LNG chain behind Hormuz

The release valves

The grey-zone operators

The reconstruction trade

Who sits on the detour

The missing buyer – three corporate exposures

The feedstock advantage

Building the shock absorber

Three positions in a world of conditional access

Three positions in a world of conditional access

Where the damage shows up in earnings

Where the price gap becomes a margin

Where the system is rerouting

Where the recovery shows up first

Where the system tightens

The long timeline of the energy crisis

Where the disruption becomes investable

LNG Infrastructure

Global Energy Dynamics