📊 Short-term volatility, new medium-term trends: iron ore, coal, and dry freight
Join Kpler’s commodity and freight experts for an in-depth look at how short-term market volatility and emerging medium-term trends are shaping the iron ore, coal, and dry bulk shipping landscapes.
Gain actionable trade flow data and supply-demand insights to help you stay ahead of shifting trade routes and price dynamics.
Register here: okt.to/c2CI3e
Phillips 66 reported a record refining margin of $38.00/bbl. Our estimate, made a month earlier, was $39.16.
Runs, production and margin all landed within 3.4%, built from physical #refinery and cargo data rather than company guidance.
Kpler's refining KPI estimates cover 20 listed refiners and update daily. Beta opening soon.
Request early access: okt.to/gjECfz
📊 How does CTA positioning move Asia’s commodity markets?
Join Andrea Santiago and Jack Nealon, with Ali Ramady moderating, for a live look at how systematic flows are built across #crude, #metals, #grains and regional FX, and when they amplify or reverse a move. Live Q&A included.
There is still time to register: kpler.com/webinars/asias-sta…
⚠️ Global crude exports are nearing record highs, but will rising supply ease pressure on oil markets?
With October crude exports exceeding 46 million barrels per day, geopolitical uncertainty and tight refined product markets continue to shape the outlook. Kpler's Michelle Brouhard Matt Smith discuss rising global supply, potential pressure on oil prices and what election-day developments could mean for energy markets.
Watch the latest discussion for more insights: okt.to/1dbwS9
Join us in Dubai for the Kpler Market Briefing, bringing together Kpler experts and senior industry leaders for an afternoon of insights into the trends shaping global #shipping and commodity markets.
Hear from leading voices across freight, tanker markets, and geopolitics, with sessions covering:
◾ Freight & Geopolitical Risk with Kpler’s Matt Wright, Principal Freight Analyst, exploring the factors driving elevated freight rates, the impact of regional disruptions, and shifting global trade routes.
◾ Tanker Supply & Demand Outlook with Matt Wright, examining vessel availability, fleet dynamics, and Kpler’s latest forecasts for #tanker markets through 2027.
◾ Navigating Uncertainty: The Region's Resilience in a Changing Geopolitical Landscape, a fireside chat featuring Kpler’s @Amena__Bakr, Head of Middle East & OPEC+ Insights, alongside a senior energy industry guest speaker. The discussion will explore the impact of geopolitical developments, sanctions, and evolving trade flows on regional and global #energy markets.
Connect with industry peers, hear directly from market experts, and gain valuable insights into the challenges and opportunities shaping the markets, followed by a networking reception.
📍 Address Beach Resort, JBR, The Walk, Dubai
📅 November 9, 2026 | 3:30pm–6:30pm GST
Register here: okt.to/lfc01z
🛢️ Russian diesel exports threaten prices
A potential rebound in Russian #diesel exports in November could reshape global trade flows and put renewed pressure on Atlantic basin prices.
Russian diesel exports in October are now more than three times September levels, supported by improving refinery runs. Higher exports could help restore supply to the Mediterranean and Brazil, where reduced Russian availability has increased reliance on US and Indian barrels. Brazil alone could potentially regain around 146,000 barrels per day of Russian diesel, easing demand for US Gulf Coast exports and allowing more domestic inventory replenishment ahead of winter.
While additional supply could weigh on diesel and gasoil valuations, jet fuel markets are unlikely to see comparable relief. Persistent supply constraints could widen jet fuel premiums over diesel across Europe and the US.
Stay ahead of the market with #Kpler Insight: okt.to/K7wcYE
📉 WTI Midland faces growing competition in Europe
WTI Midland is facing increasing competition in Northwest Europe as cheaper North Sea #crude and returning Saudi barrels give European buyers more choice.
For December loading, Midland retains a $2/bbl landed-value advantage over Ekofisk, down $4.55/bbl week on week. Lower freight costs could offer US exporters some relief, with greater tanker availability expected to stabilise transatlantic rates before pushing them lower, helping Midland remain competitive in European markets.
Kpler’s Arbitrage Tool tracks these shifts by comparing forward delivered prices across crude grades and destinations, highlighting where export opportunities remain.
Explore the latest market insights from Kpler: okt.to/mT17vj
⚠️ Middle East escalation risks rise as Russian tankers head towards the US
Rising geopolitical tensions in the Middle East are raising concerns over potential escalation, while Russian tankers declaring destinations along the US Atlantic coast are attracting growing attention. In this week's market update, Kpler analysts Matt Smith and Michelle Brouhard discuss the latest developments, including the potential impact of US midterm elections, shifting Russian diesel trade flows and volatility in oil movements through the Strait of Hormuz.
Watch the latest market update for more insights: okt.to/IEnes4
🌏 Kpler Pulse: APAC Series kicks off on 5 November
Join our upcoming webinar series as Kpler experts explore the key trends, market developments and opportunities shaping Asia’s commodity and maritime markets.
From crude oil and LNG to shipping intelligence and trade flows, each session will deliver data-driven insights and expert perspectives to help you stay ahead of evolving market dynamics.
Register now to secure your place: okt.to/depCoc
Iraq’s crude exports rebound towards 3 million bpd
Iraq’s crude exports are staging a strong recovery, with Basrah loadings expected to average near 3.00 million barrels per day in October, up from 2.58 million in September and a May trough of just 98,000 barrels per day. The rebound highlights the resilience of Middle Eastern #oil flows despite heightened maritime security risks. However, increasingly opaque tanker movements, particularly along routes towards Europe, continue to complicate visibility over regional #crude shipments.
Note: Figures are based on the latest available Kpler data and are subject to change as new information becomes available.
Stay ahead of the market with #Kpler Insight: okt.to/wy9gRZ
📉 Global oil inventories are declining, but what’s driving the trend?
In this week’s Energy markets update, Michelle Brouhard and Matt Smith explore falling oil stocks, rising crude imports into China and India, and why US commercial inventories could drop below 400 million barrels by year-end. They also discuss rising inventories at Cushing and the geopolitical risks shaping the outlook for Q4.
Watch the latest market update for more insights: okt.to/Y9XGnP
🥂 New York, you never disappoint.
Our annual Kpler NYC Fall Party brought together clients, partners and media from across the Americas for a packed evening at the stunning Nubeluz, overlooking Manhattan.
What has become a firm fixture on the industry calendar continues to grow, reflecting the strength of the Kpler community and the relationships we’ve built across the region.
A big thank you to everyone who joined us and made it such a memorable evening.
If a vessel appears where it shouldn’t be, is it concealment or just caught in a jammed region?
GNSS interference and deliberate AIS spoofing can produce near-identical tracks, but they call for very different compliance responses. Join Kpler analysts in an upcoming webinar to learn how #GNSS faults surface as #AIS anomalies and see a framework for moving from anomaly to attribution.
🗓️ 18 November
🕘 09:00 GMT | 17:00 SGT | 18:00 JST | 20:00 AEDT
Register here: okt.to/VpdLvP
🌍 Kpler at CPCIC 2026 | Shaping the future of petrochemicals
We’re excited to announce that Muyu Xu will be speaking at the 17th China Petroleum and Chemical International Conference (CPCIC 2026), taking place from 28–31 October in Zhanjiang, China. Under the theme “Pioneer the Global Synergy”, the conference will bring together global industry leaders and experts to explore the evolving petrochemical landscape, #energy transition, supply chain resilience and opportunities for international collaboration.
We look forward to sharing Kpler’s market insights and connecting with industry peers to discuss the trends shaping the future of energy and petrochemicals.
⚡ European power heads into a complicated winter.
Gas will set the tone for European power this winter, but it’s far from the only story. Drought is still weighing on #nuclear, hydro, and coal availability, while electrification and strong renewables additions are changing price signals and electricity flows across the continent.
Join Kpler experts Liam Coman and Alessandro Armenia as they walk through the drivers, the risks, and where forward prices may be getting it wrong.
Reserve your spot here: okt.to/0h8seC
Oil markets on edge as geopolitical tensions escalate
From rising crude prices and increased tanker transits through the Strait of Hormuz to a rebound in Russian and Chinese product exports, global energy markets are facing mounting uncertainty.
In the latest Kpler Market Update, Michelle Brouhard and Matt Smith discuss the key developments shaping oil markets, escalating tensions in the Middle East, and what could come next as the US midterm elections approach.
🎥 Watch the full discussion for the latest market insights: okt.to/5VlfCd
Atlantic crude loses ground as Asia turns to Gulf supply
As Asian refiners increasingly favour Middle Eastern crude, Atlantic Basin producers face growing pressure to find alternative buyers. The key signal to watch? TD22 freight. Rates need to ease from around $35/bbl to $30/bbl for Midland to compete with Middle Eastern crude into Asia.
Meanwhile, lower freight costs into Europe are improving transatlantic economics, putting further pressure on North Sea crude differentials.
With long-haul economics still challenging, more US barrels may need to find buyers closer to home.
Explore the latest market insights from Kpler: okt.to/b2pPYX
🌾 Kpler terminal masterclass | Beyond the Black Sea: Russia's grain pivot & dry bulk seasonality
How are shifting grain flows, seasonal trade patterns and vessel availability reshaping the #drybulk market? Join our upcoming Kpler Terminal Masterclass to explore how you can connect physical commodity flows with #freight dynamics and market developments to make more informed decisions.
Here's what you'll learn:
- Spot seasonal trade shifts and harvest anomalies early.
- Track changing physical flows and cargo diversions.
- Assess fleet tightness, port congestion and ton-mile impact.
- Stay ahead with automated vessel, ETA and product alerts.
Register here: okt.to/cK7jpx
Can't attend live? Register and we'll send you the recording afterwards.
Some of the world's most important trade routes are also among the hardest to monitor.
@Airbus and Kpler have signed a strategic agreement to deliver daily satellite vessel detection, providing customers with the ability to verify vessel movements independently of #AIS.
The timing matters.
Dark vessel activity, AIS manipulation and GNSS interference can create significant gaps in the conventional maritime picture. AIS is mandated by the IMO and remains the backbone of #vessel reporting, visibility and safety across the shipping industry, with Kpler's network capturing billions of these signals every day. Satellite imagery adds a complementary layer, helping tell an area-wide disruption from deliberate evasion and identifying vessels that try to stay hidden.
Airbus' SPOT satellites will provide daily high resolution imagery, with advanced AI used to detect vessels both at sea and in port.
Together, these capabilities will provide a clearer and more reliable view of maritime activity, including vessels that may not be visible through AIS alone.
This partnership adds another powerful layer to how Kpler helps organisations understand how commodities, cargoes and vessels move around the world, so they can trade smarter.
