Brent90.92$/bbl▲0.53%Naphtha749$/t▲0.98%Henry Hub2.71$/MMBtu▲0.74%Polypropylene1,266.87$/t▲0.55%WTI84.92$/bbl▲0.90%Gold4,390.6$/oz▼0.54%Brent90.92$/bbl▲0.53%Naphtha749$/t▲0.98%Henry Hub2.71$/MMBtu▲0.74%Polypropylene1,266.87$/t▲0.55%WTI84.92$/bbl▲0.90%Gold4,390.6$/oz▼0.54%
ENERGY EQUITIES15-min delayed
Saudi Aramco26.6SAR▲0.30%SABIC49.68SAR▲0.12%SABIC Agri-Nutrients125.4SAR▲2.70%Petro Rabigh18.2SAR=0.00%Industries Qatar9.9QAR▲1.85%CLOSENakilat4.28QAR▲0.47%CLOSEGulf Intl Services1.66QAR▼1.72%CLOSEMesaieed Petrochemical1.07QAR▲0.75%CLOSEBoubyan Petrochemical691KWF▲0.14%CLOSEExxonMobil161.46USD▲1.80%CLOSEChevron202.7USD▲2.53%CLOSEConocoPhillips127.56USD▲2.44%CLOSEOccidental59.04USD▲2.32%CLOSEShell91.62USD▲1.27%CLOSEBP42.85USD▲0.05%CLOSEGazprom84.88RUB▲2.07%Rosneft315.4RUB▲0.90%Lukoil4,290RUB▲1.62%Novatek929.6RUB▲2.11%PetroChina9.81HKD▲2.51%CLOSESinopec4.31HKD▲0.47%CLOSECNOOC24.42HKD▲2.09%CLOSESuncor Energy66.66USD▲1.88%CLOSECanadian Natural49.27USD▲3.51%CLOSEImperial Oil134.88USD▲1.91%CLOSEReliance Industries1,322INR▲0.46%CLOSEONGC239.5INR▲0.42%CLOSEIndian Oil137.8INR▼0.58%CLOSETotalEnergies88.63USD▲1.82%CLOSEEquinor41.82USD▲3.16%CLOSEEni56.03USD▲2.28%CLOSEPetrobras18.25USD▲2.01%CLOSESaudi Aramco26.6SAR▲0.30%SABIC49.68SAR▲0.12%SABIC Agri-Nutrients125.4SAR▲2.70%Petro Rabigh18.2SAR=0.00%Industries Qatar9.9QAR▲1.85%CLOSENakilat4.28QAR▲0.47%CLOSEGulf Intl Services1.66QAR▼1.72%CLOSEMesaieed Petrochemical1.07QAR▲0.75%CLOSEBoubyan Petrochemical691KWF▲0.14%CLOSEExxonMobil161.46USD▲1.80%CLOSEChevron202.7USD▲2.53%CLOSEConocoPhillips127.56USD▲2.44%CLOSEOccidental59.04USD▲2.32%CLOSEShell91.62USD▲1.27%CLOSEBP42.85USD▲0.05%CLOSEGazprom84.88RUB▲2.07%Rosneft315.4RUB▲0.90%Lukoil4,290RUB▲1.62%Novatek929.6RUB▲2.11%PetroChina9.81HKD▲2.51%CLOSESinopec4.31HKD▲0.47%CLOSECNOOC24.42HKD▲2.09%CLOSESuncor Energy66.66USD▲1.88%CLOSECanadian Natural49.27USD▲3.51%CLOSEImperial Oil134.88USD▲1.91%CLOSEReliance Industries1,322INR▲0.46%CLOSEONGC239.5INR▲0.42%CLOSEIndian Oil137.8INR▼0.58%CLOSETotalEnergies88.63USD▲1.82%CLOSEEquinor41.82USD▲3.16%CLOSEEni56.03USD▲2.28%CLOSEPetrobras18.25USD▲2.01%CLOSE

Your energy decisions need an early signal

We watch the shipping lanes, analyse the news and the prices, publish our calls — and are judged on them.

Radar Tension Index™

A daily composite reading of energy and commodity market tension — 2026-08-18

Elevated tension
010
6.1 / 10
Geopolitical7.5

US-Iran escalation, direct Hormuz threat

Logistics5.5

Corridor bottlenecks, fragile regional supply

Inventories4.5

European storage gap versus gas surplus

14-day trend: -0.1
Chief AnalystFeedstockHigh impact

Naphtha at 749 alongside Brent 91.4 lifts Asian feedstock costs, yet Asian polyethylene at 1,194.17 and polypropylene at 1,266.75 pass none of it through, while propane at 0.73 favours gas crackers: the Hormuz premium is being absorbed inside petrochemical margins. Who eats the feedstock spread?

Iran escalation lifts Brent (91.4, today) → naphtha 749 as direct derivative; Asian polymer prices 1,194.17 and 1,266.75 relatively flat; propane 0.73 as alternative feedstock; petrochemicals thinnest archive category (2 analyses)

Prices

Brent
91.4$/bbl
WTI
85.16$/bbl
Natural gas
2.7$/MMBtu
Gold
4,395.2$/oz
Naphtha
749$/t
Polypropylene
1,266.75$/t
MAJOR PRODUCERS
Saudi Aramco
26.6SAR▲0.30%
SABIC
49.68SAR▲0.12%
Industries Qatar
9.9QAR▲1.85%
ExxonMobil
161.46USD▲1.80%
Shell
91.62USD▲1.27%
TotalEnergies
88.63USD▲1.82%

Event calendar

What moves the price over the next 10 days — and what forecast bands are built on

19 Aug 2026
tomorrow
US crude inventories (EIA)EIAWeekly release; typically moves crude within the hour.
20 Aug 2026
in 2d
Natural gas storage (EIA)EIAWeekly release; moves Henry Hub.
21 Aug 2026
in 3d
US rig count (Baker Hughes)MacroA lagging supply indicator; weaker impact than inventories.
26 Aug 2026
in 8d
US crude inventories (EIA)EIAWeekly release; typically moves crude within the hour.
27 Aug 2026
in 9d
Natural gas storage (EIA)EIAWeekly release; moves Henry Hub.
28 Aug 2026
in 10d
US rig count (Baker Hughes)MacroA lagging supply indicator; weaker impact than inventories.

Recurring releases follow published schedules. Meetings and decisions are added once announced — we do not invent a date that has not been published.

Latest analysis

Power & Energy1 hour ago

China starts up nuclear plant with Russian involvement

China's nuclear expansion trims future gas dependence.. accelerating shift?

China announced the startup of a new nuclear power plant built or supplied with technology from Russia, part of Beijing's ambitious nuclear expansion program for low-emission electricity. This reflects a long-standing Moscow-Beijing energy partnership spanning pipeline gas and oil supplies as well. The immediate impact on global energy markets is limited, but it carries structural significance: each new nuclear plant marginally reduces China's future demand for LNG and coal for power generation, while reinforcing Russia's role as a nuclear technology partner globally despite Western sanctions. Watch the pace of China's nuclear buildout versus its long-term LNG import plans, and the depth of Russia-China energy cooperation as an alternative to closed Western markets.

OilHigh impact1 hour ago

Houthis claim third attack on Aramco refinery in two weeks

Escalation threatens Saudi domestic supply and export infrastructure. Will targeting expand further?

The Houthi movement claimed responsibility for a third attack in two weeks on a Saudi Aramco refining facility, a notable escalation reflecting persistent security risks to the kingdom's oil infrastructure despite the fragile truce in Yemen. The repetition within a short timeframe suggests a systematic pattern rather than an isolated incident, raising concern among insurers and shipping firms operating in the Gulf. Operationally, even absent actual output disruption, repeated attacks raise the geopolitical risk premium embedded in Brent pricing and may push Aramco to bolster air defenses around critical facilities. Watch whether attacks extend to major export terminals like Ras Tanura, and whether the Saudi-led coalition responds militarily—developments that could reignite regional tension and affect maritime insurance premiums through the Strait of Hormuz and Bab el-Mandeb.

Oil1 hour ago

Stena drillship completes 3-well Egypt campaign early

Efficient offshore campaign signals cost discipline.. will it attract new operators?

Stena Drilling's 14-year-old drillship completed a three-well drilling campaign offshore Egypt ahead of schedule. This reflects solid operational efficiency amid a globally tight offshore rig market with limited availability of modern units. Practically, finishing early reduces day-rate costs and frees the vessel for other regional projects, potentially enhancing Egypt's appeal to international operators seeking capital efficiency. The market impact remains limited given the campaign's relatively small scale, but the milestone matters for those tracking offshore drilling services in the Eastern Mediterranean. What to watch next is the outcome of the three wells in terms of potential discoveries, and whether the operator renews the contract or redirects the rig to other regional markets seeing rising demand for offshore units.

LNG & Gas1 hour ago

LNG shipping stock rally broadens across sector

Sentiment-driven rally, not fundamentals — how long can it last?

Shares of LNG shipping companies posted a broad-based rally extending beyond a handful of names to the wider sector, signaling improved investor sentiment toward this segment of the gas supply chain. Such broadening often reflects expectations of a tightening LNG carrier market, driven by delayed newbuild deliveries or rising day rates amid expanding US and Qatari export volumes. This dynamic feeds into company margins through long-term charter contracts priced at higher levels, supporting future cash flows. What to watch next is spot charter rates and the scheduled newbuild fleet pipeline, since any oversupply could quickly reverse this rally's trajectory.