Bab-el-Mandeb
2 articles
- The Saudi Bypass Is a Hedge with Wrong-Way Risk
Saudi export capacity is constrained by the maritime leg linking Yanbu to global markets. Correlated Hormuz and Red Sea risks reduce the East-West pipeline's value as a disruption hedge.
- The Prompt-Delivery Premium: Why Physical Crude in Asia Trades $50 Above Brent
The $45–50 gap between Brent and prompt-delivered Asian crude reflects scarcity in transit capacity, delivery timing, crude quality, and product value. This article decomposes the premium and quantifies its working-capital consequences.