Markets in Motion: A cross-commodity review every Thursday

Reid joined Kpler over six years ago as a crude analyst and has grown alongside the company ever since. Based in Houston, Reid has a near decade of experience studying the intersection between global demand conditions and the state of commodity markets with a particular focus on emerging markets. Before joining Kpler, Reid obtained a masters degree in Economics from the University of Houston. He also holds a bachelors degree in Finance. You will regularly find him quoted in the financial press or appearing on tv to provide timely updates on the state of commodity markets across the globe.

Ana Subasic is a trade risk analyst at Kpler, where she combines energy market fundamentals, geopolitical analysis, and legal investigation to assess emerging trade risks, structures and sanctions circumvention. After joining Kpler in 2022 as an LNG market analyst, she transitioned into Risk and Compliance in 2025 to strengthen the team’s forward-looking analytical capabilities on a the cross-commodity scale. Her work focuses on shadow and dark trade investigations, including breaking intelligence and insights into high-risk commodity flows. Ana serves as a key voice within Risk and Compliance, translating regulatory developments, sanctions dynamics, and geopolitical shifts into structured assessments and actionable intelligence for clients.

Alexis joined Kpler’s Insight Team in March 2023 as Lead Major Dry Bulks Analyst. Based in London, he brings over a decade of experience in dry bulk commodities and freight research. He leads the development of Kpler’s dry bulks research offering, covering coal, fertiliser, grain, iron ore, minor bulks, and dry freight. His work spans market analysis, supply-demand and pricing outlooks, client presentations, industry speaking engagements, and supporting the growth of Kpler’s dry bulks data products. Previously, he was a Director at Simpson Spence Young (SSY) in the Consultancy & Research team.

Sonal joined Kpler in January 2026 as part of the LNG Insight team, where she focuses on Asian LNG markets. Her work centers on supply-demand forecasting and market dynamics across India, Pakistan, and Bangladesh, while also contributing to broader Southeast Asian and global LNG analysis. Prior to Kpler, Sonal spent 2 years at Wood Mackenzie, covering Southeast Asian gas and LNG markets. Her research focused on long-term market outlooks, regional gas balances, pricing trends, infrastructure developments, and evolving policy frameworks. Sonal holds a Bachelor of Technology in Biochemical Engineering from the University School of Chemical Technology, Guru Gobind Singh Indraprastha University (GGSIPU). She is based in India.