Amrita Sen

Energy security, not clean energy or sustainability, is now the number one concern for governments. That was the clear message from @ea_amrita, Founder & Director of Market Intelligence at Energy Aspects, who joined ministers, delegates and industry leaders at the @IEF_Dialogue last week. Her key takeaways: • Energy security has moved to the top of the agenda. Clean energy and sustainability still matter, but security dominated the plenary. • When policy swings too far, markets pay. In Europe, the pendulum swung too far one way: governments stopped prioritising energy security and investment in fossil fuels. The result was shortages and high prices. • Dialogue and data transparency prevent those mistakes. Without dialogue between producers, consumers and governments, policymakers can commit to one direction and miss where the real pain points are. The IEF’s role in data transparency “just cannot be done by anyone else.” Our thanks to the IEF and the Kingdom of Saudi Arabia for the fascinating and insightful meeting. #IEF17 #EnergyPolicy #OilAndGas

Yesterday at the 25th WPC Energy Congress in Riyadh, @ea_amrita, Founder and Director of Market Intelligence, spoke on Strategic Session 9, “The Global Oil Markets: What’s Driving Growth”. The central point: the market anchors on the futures price, but end product prices are much higher and have become largely disconnected from it. That gap matters for anyone making investment or pricing decisions off the screen, and it has huge implications for policymakers trying to curb inflation. The discussion also delved into forecasting challenges as government intervention has distorted price signals, the underlying ballooning debt in Western economies and more countries looking to energy sources that can be secured within their borders. Thank you to @WPC_Energy and the Saudi Ministry of Energy for hosting, to moderator Mohammad Kurdi, and to fellow panellists @Bob_McNally, Paul Horsnell and @anasalhajji for the discussion #WPCEnergyCongress #OilMarkets #OOTT

Three sessions. Three days. From global energy policy to oil market fundamentals. Dr @ea_amrita, Founder of Energy Aspects, will speak at the IEF Leadership Roundtable and the 25th WPC Energy Congress from 11–13 October. Sunday | IEF Leadership Roundtable Joining ministers and CEOs for a discussion moderated by Dr Dan Yergin on the perspectives, choices and trade-offs shaping global energy pathways. Monday | Women’s leadership in energy Taking part in a panel on women’s leadership across the energy industry. Tuesday | Oil market fundamentals Discussing the key forces driving oil market growth. Join the conversation on the key issues shaping the global energy industry. #EnergyMarkets #OilMarkets #womeninenergy

Is the Brent futures price still the price of oil? In today’s FT, Dr Amrita Sen explains why the gap between futures and physical crude has never been this large, and why it matters for inflation. Read the full article in the Financial Times here: ow.ly/WuvE50ZVJVm #Brent #CrudeOil #OilMarkets

"What is really driving the market, what is driving yields, bonds, everything, is diesel prices, and that continues to remain at record highs" @ea_amrita, Founder and Director of Market Intelligence, was on @CNBC yesterday discussing the driving factors of oil markets. Alongside discussing the Middle East conflict, Amrita also spoke on oil flows, crude prices, and even though we've seen pullbacks over the past couple of months, the flow for prices is higher. Watch the full interview here: ow.ly/19Ug50ZQ4NT #OilMarkets #OOTT #EnergyAspects@ea

Could the Hormuz LNG tanker crisis keep EU gas prices at winter-crisis levels for months to come? Energy Aspects' Global Head of Gas, Livia Gallarati, joined Bloomberg earlier today to break down where TTF is headed next. Starting at 18:00, Livia also covered: - Why EU gas prices could hold near current levels this winter if Hormuz LNG disruption drags on for another 3-6 months - Why TTF isn't likely to hit $100 in the near term - Whether Qatari LNG exports can rise - China's role in gas demand, and the global demand picture Watch the full interview: ow.ly/GZiQ50ZOmSt #EnergyAspects #TTF #Hormuz #LNG

@ea_amrita, Founder and Director of Market Intelligence, moderated "Rising economies, rising demand: how the next industrial age gets powered" at @GastechEvent in Bangkok yesterday, digging into what's driving industrial-led demand growth and where the gap still sits between demand signals and bankable projects. Also live at the event was Erisa Pasko, European Gas Lead, who followed with "The impact of regulation on European gas supply", looking at how regulation is reshaping storage economics and why storage can still generate returns through optionality even when seasonal spreads are negative. Great to have Energy Aspects on stage twice at Gastech this year. #EnergyAspects #GasTech2026

"I think this will be one of the single most important geopolitical events in modern history. The grand bargain is broken, and it's broken in the Middle East. This is likely the end of the exorbitant privilege and the benefits of hegemony." Jeff Currie, Non-executive Director at Energy Aspects, did not hold back at our Singapore Reception today. Jeff joined Founder and Director of Market Intelligence @ea_amrita for a 1-1 conversation, covering geopolitics, the macro crude picture, and the setup into year-end. His read on winter: "Gas and diesel will battle each other through the winter. They'll pull each other higher, very like 2021 and 2022." Ahead of that conversation, our analysts framed the market: Amrita on the crude picture, George Dix on refining margins, and Clare Morris on where products go from here, followed by a live Q&A that ran long for good reason. The networking lunch that followed carried the energy. Clients and peers left with a lot to think about for positioning into Q4. Thank you to everyone who joined us. The questions and challenges in the room made the session. #APPEC2026 #EnergyMarkets

Taking place from 24-27 August in Stavanger, Norway, @ea_amrita will be appearing at the ONS Conference. Energy Aspects' Founder and Director of Research has three roles on stage this year: moderating the Opening Ceremony (Mon 24 Aug), moderating a Leadership Dialogue with ABB CEO Morten Wierød (Tue 25 Aug, 12:00), and speaking directly on "Climate reality 2026: the truth about where we stand, and what must change" (Tue 25 Aug, 14:00). If you're at ONS, these are the three sessions worth clearing your calendar for. #ONS2026 #EnergyAspects #EnergyTransition

T5 at Qatar North just went offline. We know because we can see it from space. Kayrros LNG Intelligence monitors thermal signatures at individual train level across every major LNG facility. Proprietary satellite data, direct from the facility, in real time. Yesterday's image: thermal signatures at T6 and T7 North only. T5 North, active last week, is now dark. Five trains online across QatarEnergy facilities in total, down one week-on-week. The market narrative this week has been about Qatari capacity recovering. Proprietary data tells a different story, and tells it first. #LNG #Qatar #Kayrros #EnergyMarkets *Data as of 12 Aug 2026

"We sell off more on any prospect of normalisation, or whatever the new normal looks like in Hormuz, versus the reality of actual flows being quite constrained doesn't get priced in that high." Energy Aspects Founder and Director of Market Intelligence, @ea_amrita, appeared on @CNBCMorningCall earlier today to discuss the latest in the oil markets, including: - Increased Houthi attacks threatening significant tightening of balances. - Oil markets being burnt on headlines, with traders unwilling to hold long positions into the weekend. - A return of stronger Chinese demand. - The view from our proprietary Kayrros crude inventory data, with 400mb of crude draws since the war began. Watch the full interview here: ow.ly/ScyT50ZxGzk #EnergyAspects #OOTT #Hormuz #Crude

"Hormuz flows are down to a trickle, Red Sea flows are at threat, so come Monday if nothing has actually changed, which we believe is the most likely situation, then prices will take another leg higher." Energy Aspects Founder and Director of Market Intelligence, @ea_amrita, appeared on @CNBCMorningCall earlier today to discuss the latest in the oil markets, including: - Oil price pullback as the market is taking profit ahead of weekend uncertainty. - The underlying situation on market fundamentals. - The effect of further Red Sea disruptions. Watch the full interview here: ow.ly/JBRq50ZsnVI #EnergyAspects #Hormuz #Oil #OOTT

"The market is still quite complacent despite the price increase we've seen." Energy Aspects Founder and Director of Market Intelligence, @ea_amrita, appeared on @CNBC earlier today to discuss the latest in the oil markets, including: - The low global oil inventory levels, SPR drawdowns and the knock-on effect for flow rates. - The chance for triple-digit oil prices, as the market is still short. - The potential of further attacks and why Asian refiners cannot be complacent. Watch the full interview here: ow.ly/24QC50Zq4Gw #EnergyAspects #OOTT #Oil #Refiners

"If we are still in this situation by the end of this month or early next month, I don't think we've seen the worst, and I think the worst is actually going to come later on, maybe later in Q3 or early Q4." Energy Aspects Founder and Director of Market Intelligence, @ea_amrita, appeared on @CNBCTheExchange yesterday to discuss the latest in the oil markets, including: - The dramatic slowing of ships through the Strait of Hormuz with the trend set to continue. - President Trump's announcement of the reinstatement of the Iran blockade. - The lack of buffer in the oil market with 600-700 mb of inventories drawn down across the world. Watch the full interview here: ow.ly/bq7g50Zni1w #EnergyAspects #OOTT #Hormuz

"Gasoline, diesel and jet are a lot tighter than crude, because we just don't have enough refining capacity globally." Energy Aspects Founder and Director of Market Intelligence, @ea_amrita, recently appeared on @CNBCTheExchange and @CBSNews to discuss the latest in the oil markets, including: - How heightened US–Iran escalation risk is slowing Hormuz transits again. - Already low Russian diesel exports will fall to negligible levels following the ban imposed in response to Ukrainian attacks. - Further product market risk with the approaching Atlantic hurricane season. Watch the full CNBC interview here: ow.ly/qbXo50ZmlV7 #EnergyAspects #Hormuz #Russia #Gasoline #Diesel

The best energy intelligence isn't built on one perspective. It's built on three. History anchors reality. Nowcasting measures the present. Forecasting anticipates the future. When you combine all three, you move beyond guesswork. You get clarity. That's the foundation of EA Analytics: a unified platform where traders and analysts access validated historical data, real-time measurement of market dynamics and expert-backed forecasts, all seamlessly integrated. One platform. One source of truth. Read the full story in our latest blog. ow.ly/aklc50Zlzgp #EnergyAspects #Nowcasting #EnergyMarkets #OOTT