While safe navigation through the Strait of Hormuz remains distant, distortions in the Dubai benchmark and limited SPR releases—despite reaching historical highs—are pushing refiners to secure more arbitrage cargoes to bridge the supply gap.
Stay in the loop! Subscribe to our newsletter for the latest commodities research, market insights and more.
Subscribe to our newsletter for the latest in maritime intelligence, market trends, and expert analysis.
Stay in the loop! Subscribe to our newsletter for the latest commodities research, market insights and more.
Subscribe to our newsletter for the latest in maritime intelligence, market trends, and expert analysis.

The week's most significant commodity market developments, distilled by Kpler's research team for trading professionals — straight to your inbox.
Subscribe to our newsletter for the latest in maritime intelligence, market trends, and expert analysis.
Stay in the loop! Subscribe to our newsletter for the latest commodities research, market insights and more.
Subscribe to our newsletter for the latest in maritime intelligence, market trends, and expert analysis.