Gulf Intelligence Podcasts PODCAST: Daily Energy Markets - March 13th
Mar 13, 2026
David Elward, Pricing Director at General Index, tracks soaring physical crude and jet fuel prices. Carole Nakhle, president of the Arab Energy Club, parses regional geopolitical risk and GCC involvement. Peter McGuire, CEO of AustraliaTrading.com, warns of Asian market vulnerability and intense trading volatility. Mike McGlone, Bloomberg Intelligence strategist, links energy shocks to macro risk and recession danger.
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Asia To Bear The Brunt Of Supply Pain
- Asia is likely to feel the largest pain from supply disruption and trading volatility.
- Peter Mcguire highlights Asian equities softness and expects $5–$10 daily crude moves and a stronger US dollar as a flight to safety.
Current Prices Reflect Supply Growth And Geopolitical Premium
- Markets may not be underpricing geopolitical risk because pre-war fundamentals already expected surplus supply.
- Carole Nakhle argues existing growth, sanctioned supplies and rising non-GCC output help explain current prices including a risk premium.
Physical Benchmarks Show Hair On Fire Prices
- Physical markets show far larger dislocations than futures benchmarks, especially refined fuels.
- David Elward reports Dubai crude near $140 and Singapore jet fuel up 118% to $211, stressing airline viability without hedges.