Company
London-based energy research consultancy, co-founded by Amrita Sen, covering oil, gas, refined products and power markets with supply-demand forecasts.
The Trump administration is discussing easing sanctions on some shadow-fleet tankers to curb record freight rates, Reuters reported. Under one option, US companies would apply to Treasury before using them; no mechanism is final.
Reality
US diesel sits 71% above a year ago against 56% for crude, a split Energy Aspects' Amrita Sen links to inflation and Treasury yields. A fuel clause pegged to crude has recovered only about four-fifths of the rise in what truckers and farmers pay.
Reality
Kpler says about 40% of Gulf crude now leaves without crossing Hormuz, up from 17% before the war, as exports regain prewar levels. Iran's own exports are blockaded to almost nothing, and it can still strike the onshore oil assets that now carry more of the flow.
Perspective Coverage
4 publishersReality
Poten & Partners puts a Middle East-to-Asia supertanker charter above $1.2 million a day, up from about $30,000 in January. Freight and lost refining capacity help hold Brent above $100 while Hormuz flows sit near 80% of pre-war levels.
Reality
U.S. diesel futures hit their highest since 2022 and the crack spread topped $106 a barrel. Against $90.33 crude, that puts 54 cents of every wholesale dollar in the refining step. That margin is priced in months. A plant is priced in years.
Reality