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Ben Winkley

@benwinkley.bsky.social

Mostly sharing Argus Media news from the oil and related markets, where there's always something happening, and it's usually quite loud. Opinions are mine though. All mine.

749 Followers  |  201 Following  |  1,513 Posts  |  Joined: 09.10.2023
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Posts by Ben Winkley (@benwinkley.bsky.social)

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Iran war collapses visibility in European jet market | Latest Market News Extreme volatility triggered by the war in the Mideast Gulf has collapsed price visibility in the European jet fuel market, leaving participants unable to agree on price levels, traders told <i>Argus ...

The market for jet fuel in Europe is *broken*.

"No one knows" what level to trade because the paper market is moving too quickly. The market is "stupidly wild" and "incredibly unclear".

www.argusmedia.com/en/news-and-...

05.03.2026 19:07 β€” πŸ‘ 0    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

Is the US government about to short the oil market? Wild times.

05.03.2026 20:29 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Rare ARA-east gasoline booking hints at growing demand | Latest Market News A rare high-volume gasoline cargo booking from Amsterdam-Antwerp-Rotterdam (ARA) to Singapore, even though it failed today, signals growing demand east of Suez for European oil products as the Iran wa...

Asian buyers sniffing around European refined products.

This is unusual

www.argusmedia.com/en/news-and-...

05.03.2026 19:08 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Iran war collapses visibility in European jet market | Latest Market News Extreme volatility triggered by the war in the Mideast Gulf has collapsed price visibility in the European jet fuel market, leaving participants unable to agree on price levels, traders told <i>Argus ...

The market for jet fuel in Europe is *broken*.

"No one knows" what level to trade because the paper market is moving too quickly. The market is "stupidly wild" and "incredibly unclear".

www.argusmedia.com/en/news-and-...

05.03.2026 19:07 β€” πŸ‘ 0    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0

APNewsAlert: DUBAI, United Arab Emirates (AP) β€” Bahrain says an Iranian missile hit a state-run oil refinery.

05.03.2026 16:39 β€” πŸ‘ 222    πŸ” 78    πŸ’¬ 7    πŸ“Œ 21
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Explainer: Military-grade jet fuel | Latest Market News In addition to disrupting flows of crude and refined product out of the Mideast Gulf, the war in the Middle East is also likely to trigger an increase in demand for military specification jet-kerosine...

People are stopping me in the street and asking if a massive air war takes jet fuel out of the commercial sector. The answer is no, and here we explain what military-grade jet is, where it is produced and how it gets around

www.argusmedia.com/en/news-and-...

05.03.2026 13:49 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Iran war could flip oil market into a deficit: IEA | Latest Market News Prolonged supply disruptions triggered by the US–Iran war could flip the global oil market into a deficit, the IEA said on 5 March.

First IEA response to the war: no shortages but things could get nasty

www.argusmedia.com/en/news-and-...

05.03.2026 13:00 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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Two oil product tankers turn away from Hormuz strait | Latest Market News Two out of the three Long Range (LR) tankers that were waiting outside the strait of Hormuz, booked to load oil products from the Mideast Gulf, have turned away last night and set off back into the Ar...

Tankers outside Hormuz for loading in the Gulf are not hanging around to see what happens, and are heading elsewhere

www.argusmedia.com/en/news-and-...

05.03.2026 11:48 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
Microsoft Forms

If you want the US government to underwrite your shipping cover in the Mideast Gulf, there's a very basic website form to fill in and they'll get right back to you

forms.microsoft.com/g/wNG71jv3k3

05.03.2026 11:24 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Drones hit airport in Azeri exclave, Baku blames Iran | Latest Market News An airport in Nakhichevan, an Azerbaijani ex-clave bordering Iran, Turkey and Armenia, came under attack by drones, which Azerbaijan blamed on Iran.

The war over Iran expands again - first Cyprus, then Sri Lanka, now Azerbaijan

www.argusmedia.com/en/news-and-...

05.03.2026 10:12 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Ship targeted off Kuwait as vessel attacks widen | Latest Market News A vessel appears to have come under attack off Kuwait, leaving oil leaking from its cargo tank, the UK Maritime Trade Operations (UKMTO) said today.

Ship struck off Kuwait

www.argusmedia.com/en/news-and-...

05.03.2026 08:11 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 1
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No tankers crossed Hormuz on 3 March: JMIC | Latest Market News There was no tanker traffic through the strait of Hormuz on 3 March, the fourth day of fighting between the US, Israel and Iran, due to threats of attacks from Iran and satellite jamming, according to...

No tankers went through Hormuz on Tuesday

www.argusmedia.com/en/news-and-...

05.03.2026 08:10 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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US ship insurance not enough for Hormuz: Sources | Latest Market News A US proposal to offer political-risk insurance is unlikely to meaningfully increase traffic through the strait of Hormuz in the near term because Iranian threats to the strait remain, market particip...

US shipping insurance offer seen as inadequate

www.argusmedia.com/en/news-and-...

05.03.2026 08:09 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 1    πŸ“Œ 0
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EU says no gas or oil supply concerns from Iran war | Latest Market News There are no oil or gas supply concerns yet in the EU as a result of the spreading war in the Mideast Gulf, the European Commission said today.

EU says no oil or gas supply concerns arising from the Iran war. Yet.

www.argusmedia.com/en/news-and-...

04.03.2026 15:55 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Hormuz naval escort unlikely in the near-term: SSY | Latest Market News A US plan for its navy to escort ships heading through the strait of Hormuz is unlikely to come to fruition any time soon because the fleet will be occupied with military operations, according to anal...

shipbrokers unconvinced by talk of Hormuz naval escorts

www.argusmedia.com/en/news-and-...

04.03.2026 14:01 β€” πŸ‘ 11    πŸ” 4    πŸ’¬ 0    πŸ“Œ 3
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US to roll out oil market calming measures | Latest Market News President Donald Trump's administration is set to roll out additional measures aimed to calm global energy markets spooked by the US-Israel war on Iran and Tehran's retaliatory attacks on shipping and...

Bessent says the US will make a "series of announcements" about stabilizing oil and LNG shipments out of the Mideast Gulf.

No rush

www.argusmedia.com/en/news-and-...

04.03.2026 13:49 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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European jet values triple from all-time highs | Latest Market News European jet fuel values tripled in early swaps trading this morning, making historic gains, having already been at record highs at the market close yesterday, 3 March.

The European jet fuel market has gone insane. The March swap *tripled* from yesterday's record by 10am and the margin to crude doubled by the same time.

This is extremely detached from reality.

"No fundamentals can explain these prices", one trader said.

www.argusmedia.com/en/news-and-...

04.03.2026 12:47 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 1
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An expat in Dubai has a startling revelation: the Stephen Collins cartoon Reality check …

*snort*
www.theguardian.com/lifeandstyle...

04.03.2026 00:45 β€” πŸ‘ 327    πŸ” 112    πŸ’¬ 5    πŸ“Œ 10

APNewsAlert: COLOMBO, Sri Lanka (AP) β€” Sri Lankan officials say an Iranian navy ship came under distress and was sinking; at least 32 onboard are hospitalized.

04.03.2026 09:57 β€” πŸ‘ 11    πŸ” 3    πŸ’¬ 0    πŸ“Œ 0
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Asian currencies, stock markets wobble on Iran crisis | Latest Market News Currencies in oil-dependent economies in Asia-Pacific fell to new lows against the dollar today, adding to import costs, while stock markets in the region slumped as the US-Iran war worsened supply di...

Currencies in oil-dependent economies in Asia-Pacific fell to new lows against the dollar today, adding to import costs, while stock markets in the region slumped.

www.argusmedia.com/en/news-and-...

04.03.2026 09:18 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
Rapture Ready Index Rapture Index: 178 Change from last update: +1 Updated: Mar 1, 2026 Edit 1.Debt & Trade426.Nuclear Nations543.Climate4 2.False

surprised to see the Rapture Ready Index - 'the DJIA of end-times activity' - some way off record highs, although notable the 'global turmoil' category is now an unprecedented 5+1.

That's one louder.

www.raptureready.com/rapture-read...

04.03.2026 09:08 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Explainer: War risk insurance and AWRP | Latest Market News Multiple profit and indemnity (P&amp;I) insurance clubs <a href="https://direct.argusmedia.com/integration/newsandanalysis/article/2794771">have already suspended</a> shipowners' war risk insurance in...

People are stopping me in the street and asking: what *is* additional war risk premium? So we put together an explainer:

www.argusmedia.com/en/news-and-...

03.03.2026 18:28 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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US LNG margins soar on Hormuz disruption | Latest Market News Margins for US LNG offtakers have soared this week as trade disruptions from the US-Iran war send European and Asian LNG prices to multi-year highs while gains at the US benchmark Henry Hub are limite...

"The war is unlikely to significantly boost Henry Hub prices despite increased demand for US LNG. Utilization rates at US LNG export terminals were already high before global prices surged, leaving little room for additional shipments."

www.argusmedia.com/en/news-and-...

04.03.2026 05:10 β€” πŸ‘ 1    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Two more vessels attacked off UAE, Oman: UKMTO | Latest Market News Another two vessels appear to have come under attack in the Mideast Gulf, the UK Maritime Trade Operations (UKMTO) said today.

Two more commercial ships under fire in the Mideast

www.argusmedia.com/en/news-and-...

04.03.2026 05:08 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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War pushes crude tankers to record highs | Latest Market News The war in the Middle East has accelerated an already brisk rally in crude shipping rates, pushing them to record highs after resilient global demand for oil was already stretching the tanker fleet.

Moving oil by sea has never been so expensive

www.argusmedia.com/en/news-and-...

04.03.2026 05:06 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0

This is nuts. Many people are saying this

03.03.2026 20:06 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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US offers insurance, convoys for Mideast Gulf | Latest Market News The US will offer political risk insurance and naval convoys for ships transporting energy and other commodities through the Mideast Gulf, President Donald Trump said on Tuesday.

I'm from the government and I'd like to offer you.. shipping insurance

www.argusmedia.com/en/news-and-...

03.03.2026 20:05 β€” πŸ‘ 1    πŸ” 1    πŸ’¬ 1    πŸ“Œ 0
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US retail fuel prices jump at outset of Iran war: EIA | Latest Market News US retail gasoline prices rose in the past week by the most in nearly 11 months and diesel prices neared two-year highs, according to a federal report, after the US and Israel started a war with Iran.

US retail fuel prices are up since the country went to war with Iran, you'll be unsurprised to learn

www.argusmedia.com/en/news-and-...

03.03.2026 18:32 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0
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Explainer: War risk insurance and AWRP | Latest Market News Multiple profit and indemnity (P&amp;I) insurance clubs <a href="https://direct.argusmedia.com/integration/newsandanalysis/article/2794771">have already suspended</a> shipowners' war risk insurance in...

People are stopping me in the street and asking: what *is* additional war risk premium? So we put together an explainer:

www.argusmedia.com/en/news-and-...

03.03.2026 18:28 β€” πŸ‘ 2    πŸ” 1    πŸ’¬ 0    πŸ“Œ 0
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Germany's Merz cites Iran war fallout on energy | Latest Market News German chancellor Friedrich Merz on Tuesday urged President Donald Trump to bring the US war against Iran to a swift conclusion, citing its negative effects on oil and natural gas prices.

Those absolute dangers at FDD, having got exactly what they've always wanted, are pinning the rising oil price on the global marine insurance sector.

"London is working against us".

www.argusmedia.com/en/news-and-...

03.03.2026 18:11 β€” πŸ‘ 0    πŸ” 0    πŸ’¬ 0    πŸ“Œ 0