Gulf Intelligence Podcasts PODCAST: Daily Energy Markets - March 30th
Mar 30, 2026
Zoe Upson, founder focused on shipping and seafarer welfare in Dubai. Jamie Ingram, regional markets editor tracking supply, inventories and macro effects. Omar Najia, oil derivatives head and trader analyzing market structure and price moves. They discuss shipping strain and crew logistics. They cover supply disruptions, inventories and demand signals. They examine trading dynamics, backwardation and geopolitical risk.
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UK Running Out Of Oil Anecdote And Avalanche Metaphor
- Early listener anecdotes circulated that the UK was 'running out of oil' with shortages feared in mid-April.
- The hosts joked about political fixes and compared inaction to spectators watching an avalanche before going live.
Oil Prices Are Small Compared To Equities And Bonds
- Oil prices alone won't determine macro outcomes because equities and bond markets dwarf oil market capitalization.
- Omar Najia argues a sustained conflict will trigger equity sell-offs and Treasury yield spikes that hurt the global economy more than oil price moves.
Seafarer Strain Is A Hidden Crisis In The Gulf
- Shipping disruptions strand thousands of seafarers and hundreds of vessels, creating an under-highlighted humanitarian and operational risk.
- Zoe Upson notes ~200 vessels west of Hormuz and up to ~25 crew on a VLCC, with reports of rationing and rerouting extending voyages by 10–15 days.