About Liquid Currents: Market and data insights across LPG, global oil, and freight movements
The Gulf oil and shipping market is harder to read than it's been in years. Liquid Currents: MENA Edition brings you the conversations that usually happen off the record.
In each episode, host Randa Elbarari sits down with the traders, chartering heads and commercial leaders shaping the region's energy flows. They come from national oil companies, trading houses, refiners and shipping companies across the Gulf, and they talk about what's actually moving crude, products, LPG and freight right now. There are no decks and no press lines, just the version of the conversation you'd normally only hear informally.
Each episode closes with the Vortexa View, a look at what our data is picking up in real time.
New episodes come out monthly, with highlights every week.
Learn more about Vortexa: https://bit.ly/4jGDKL1
HIGHLIGHT: Who Profits From Disruption? | East of Suez in the New World Order
Disruption has been costly for much of the market, but not for everyone. Does that change appetite for a quick return to “normal”, and where do oil prices go from here?
Recorded live at Vortexa’s Innovation Series evening in Dubai, this highlight from the first episode of Liquid Currents: MENA Edition brings together three of the region’s leading voices on oil markets:
Kristine Petrosyan, Head of Research & Analytics, OQ Trading
Aditya Saraswat, Partner and Head of MENA & Caspian Research, Rystad Energy
Dalila Laskar, Head of Oil Research, Oil Brokerage
The panel asks who has profited from the disruption, including certain Gulf trading arms, and whether those gains alter the incentive to see conditions normalise. They then turn to the outlook for oil prices and the role OPEC can realistically play in shaping it.
Liquid Currents: MENA Edition is Vortexa’s podcast for traders, analysts and commercial leaders who need to understand the Gulf, not just follow it.
Subscribe so you don’t miss the next episode.
Learn more about Vortexa: https://www.vortexa.com/?utm_source=podcast&utm_medium=audio&utm_campaign=2026-10-%7C-liquid-currents-mena&utm_content=liquid-currents&utm_term=website (https://www.vortexa.com/?utm_source=podcast&utm_medium=audio&utm_campaign=2026-10-%7C-liquid-currents-mena&utm_content=liquid-currents&utm_term=website)
8 Oct 2026
East of Suez in the New World Order: How Trade Flows, Alliances and Routes Are Being Redrawn
Seven months after the Hormuz escalation reshaped Gulf export flows, where does the market really stand, and how much of the shift is here to stay?
Recorded live at Vortexa's Innovation Series evening in Dubai, the first episode of Liquid Currents: MENA Edition brings together three of the region's leading voices on oil markets:
• Kristine Petrosyan, Head of Research & Analytics, OQ Trading
• Aditya Saraswat, Partner and Head of MENA & Caspian Research, Rystad Energy
• Dalila Laskar, Head of Oil Research, Oil Brokerage
The panel unpacks how Gulf producers are adapting, what China, Japan and Korea mean for demand, why products may prove harder to fix than crude, what rerouting is doing to freight and delivered costs, and where oil prices go from here.
Liquid Currents: MENA Edition is Vortexa's podcast for traders, analysts and commercial leaders who need to understand the Gulf, not just follow it.
Subscribe so you don't miss the next episode.
Learn more about Vortexa: https://www.vortexa.com/?utm_source=podcast&utm_medium=audio&utm_campaign=2026-10-%7C-liquid-currents-mena&utm_content=liquid-currents&utm_term=website (https://www.vortexa.com/?utm_source=podcast&utm_medium=audio&utm_campaign=2026-10-%7C-liquid-currents-mena&utm_content=liquid-currents&utm_term=website)
16 Jan 2026
Barrels on the brink: Venezuela the new crude hotbed, mounting propane pressure and the evolving sanctions landscape
Season 2 of Liquid Currents opens with a deep dive into the energy market forces shaping early 2026, as sanctions, shifting trade flows, and freight dynamics collide across crude, LPG, and products markets.
Host Samantha Hartke looks at mounting pressure on US propane exports and what it means for inventories and pricing against a backdrop of still-lower Middle East CP pricing, and then is joined by Rohit Rathod, Claire Jungman, Mick Strautmann, and Delia He to unpack rapidly evolving Venezuela crude and naphtha flows, before widening the discussion to impact of sanctioned flows and the dark fleet on freight market dynamics, oil on water and product flow disruptions.
Whether you are tracking sanctions exposure, freight risk, or feedstock competition, this episode sets the tone for the season ahead.
12 Dec 2025
LPG price wars, oil on water and products brace for heightened volatility
Samantha Hartke is joined by Pamela Munger, Head of EMEA Analysis at Vortexa, to unpack how intensifying LPG price wars and sanctions-driven volatility are reshaping feedstock and refined product markets. From swelling volumes of oil on water to tightening refining capacity, they explore whether 2025’s market outperformers can hold their ground into 2026 — and where risks of diesel price fireworks or an off-season gasoline spike may emerge.
14 Nov 2025
LPG price wars and petchems: the winter outlook for feedstock markets as petchems demand comes into question
Samantha Hartke is joined by Mark Woods, President of Ethylene Strategies International Inc., to unpack how petrochemicals will shape LPG’s winter demand story. From oversupplied markets to potential plant closures across Asia and Northwest Europe, they explore where naphtha and LPG could find new opportunities — and how the Americas can position themselves to capitalise.
17 Oct 2025
Supply shuffle, floating barrels, and port fees pain points: How LPG, crude, products and freight will navigate winter
As winter approaches, global energy markets are in flux. In this episode of Liquid Currents, we unpack how shifting trade flows, swelling oil-on-water volumes, and rising port fees are shaping the outlook for LPG, crude, refined products, and freight.
With the U.S. and Middle East vying for market share in Asia, price mechanisms are being rewritten as cargoes find new homes and trade routes adapt to regional demand patterns. Meanwhile, a surge in floating storage has raised alarms over potential oversupply — all while the market looks to China to absorb excess barrels.
We’ll also examine how refinery restarts are keeping product markets buoyant, and what these developments mean for freight rates as the industry braces for a volatile Q4.
26 Sept 2025
Vortexa CEO Fabio Kuhn on Innovation, Market Shifts and Volatility
The 2025 Innovation Series brought Vortexa insights to London, Singapore, Houston, and New York. In this special retrospective episode of Liquid Currents, CEO Fabio Kuhn joins Samantha Hartke to highlight what we learned — and what’s next for global energy markets.
15 Aug 2025
Are tariffs and sanctions casting dark shadows over LPG, crude and freight Markets?
Recent US LPG export capacity expansions and continued production growth are tightening freight availability, even as demand signals in Asia remain mixed. At the same time, the Trump administration’s continued use of tariffs and sanctions as diplomatic tools is adding uncertainty across energy markets — with the most acute impact in freight, where a growing list of sanctioned vessels is complicating operations and reshaping trade flows.
In this timely new episode, Vortexa’s expert host Samantha Hartke, Head of Market Analysis – Americas, is joined by Delia He, Graduate Freight Analyst, and Claire Jungman, Director of Maritime Risk and Intelligence. Together they discuss:
Freight market tightening: How expanded LPG export capacity is reshaping vessel availability
Asia’s mixed demand outlook and its impact on trade flows
Tariff unpredictability and its market-wide ripple effects
The sanctions squeeze and how it’s changing freight operations
Want to see real-time market moves as they happen? Request a personalised demo of the Vortexa platform: https://bit.ly/434EReP (https://bit.ly/434EReP)
18 Jul 2025
I Know What You Did Last Summer: The return of tariff confusion in divergent LPG, oil and products markets
Trump’s latest round of tariffs have caused confusion in energy markets, even as LPG and naphtha markets look well-supplied. The US-China ethane saga may be over – for now – but the tariff pause between the two countries ends in mid-August, as the market braces itself for what comes next. Diesel and gasoline markets are screaming higher as global flows skyrocket over seasonal norms, prompting the age-old question of a summer demand boost.
In this timely new episode, Vortexa’s expert host Samantha Hartke, Head of Americas Analysis, is joined by Rohit Rathod, Senior Oil Market Analyst and Glenn Schwartz, Director of Energy Policy Service at Rapidan Energy. Together they discuss:
Trump tariffs revisited: This time it’s for real (?)
Link to Canada tariffs and crude diffs
Robust diesel strength, but for how long? What does this mean for winter?
Summer gasoline: strong imports, but is this merely a supply push?
Want to see real-time market moves as they happen? Request a personalised demo of the Vortexa platform: https://bit.ly/434EReP (https://bit.ly/434EReP)
19 Jun 2025
Disruption is the new normal: Strait of Hormuz tensions, ongoing tariffs
Samantha Hartke interviews Rohit Rathod about the Strait of Hormuz tensions and ongoing tariffs, focusing on risk signals versus real fundamentals for LPG, naphtha, crude, and middle distillates.
19 May 2025
Pro-pain: Tariffs and summer signals in LPG, light ends and US markets
Host Samantha Hartke and Rohit Rathod analyze the impact of tariffs on LPG and light ends markets, focusing on trade flow restructuring and the outlook for Asia pro-naps swaps in this interview.
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