由行业专家做出的价格预测及前瞻性研究
中东局势升级下的全球大宗商品市场：供应链与价格重构
直播时间：2026年3月12日（周四）14:00 （回看已生成）
会议语言：中文（运费部分英文）
独立的国际能源及大宗商品价格评估机构
提供有关影响全球能源及大宗商品市场的动态与分析
中东冲突——能源市场风险与大宗商品影响
Latest insights
Our team of 600+ commodity market experts keep you up-to-date on the energy and commodity markets as they evolve. Explore our latest complimentary written, audio and video content.
Kuwait eyes regional pipeline tie-ups to bypass Hormuz
Kuwait eyes regional pipeline tie-ups to bypass Hormuz
Dubai, 10 June (Argus) — Kuwait's state-owned KPC is exploring potential tie-ups with fellow Gulf Co-operation Council (GCC) countries Saudi Arabia and the UAE that could help move its crude and oil products in the event of any future disruptions to flows through the strait of Hormuz. Kuwait is totally dependent on the strait to export its crude and oil products, while Saudi Arabia and the UAE have pipelines that allow them to divert a share of their oil to ports outside the strait. That has helped them better navigate the more than three-month closure of Hormuz triggered by the start of the US-Iran war on 28 February. "We are in discussions with our brothers in Saudi Arabia and in the Emirates to look at how to expand the pipeline system that they have to accommodate Kuwaiti barrels coming up," KPC chief executive Sheikh Nawaf al-Sabah told the Atlantic Council Global Energy Forum. Saudi Arabia's 7mn b/d capacity East-West pipeline can carry crude from the Abqaiq oil processing complex in the Eastern Province to the Yanbu terminal on the Red Sea for export. The UAE's 1.7mn b/d Adcop pipeline carries crude from Habshan in Abu Dhabi to Fujairah, outside the strait of Hormuz. Sheikh Nawaf said the GCC typically has a mechanism that if one member cannot export oil for whatever reason, another with additional capacity could export on their behalf "and tally it up afterwards." But since "nobody has that capacity" given the situation in the strait, "instead, we are working with our brothers to look at pipeline capacity that can grow out," he said. He did not specify which projects Kuwait was studying with its neighbors. The KPC chief did caution, however, that an alternative export route would not totally insulate Kuwait, or any other country, from risk. Pipelines "are only as safe as the export facility at the end of it," Sheikh Nawaf said. "And you've seen how Iran has targeted both the Saudi and Emirati pipelines, and how those [attacks] have been effective, to a certain degree." Fujairah was targeted on five separate occasions between late February and early June, according to Argus tracking, Saudi Arabia's Yanbu port was targeted once, and the East-West pipeline was targeted once , temporarily reducing throughput capacity by around 700,000 b/d. "A long pipeline needs compression. So, if you hit one node of that compression, you've got to rebuild that," said Sheikh Nawaf. "The easiest thing to rebuild or replace is the pipeline itself. But if you hit the compression facility, that takes more time." "And worse yet, is if you hit the export facility, because then, the pipeline is essentially useless," he said. "And we would have to work together with our partners [to recover]." Swift-ish recovery The disruption of oil flows through the strait of Hormuz forced Kuwait to scale back its crude production capacity to about 25pc of pre-conflict levels. "We took our production levels down at the beginning of the war, carefully and methodically, to what is only required for local consumption in Kuwait, because we could not export anything," Sheikh Nawaf said. Latest Argus estimates put Kuwaiti crude output at 580,000 b/d in May, compared with 2.59mn b/d in February. Many weeks of on-and-off diplomacy between Iran and the US has not led to clarity on when marine traffic could meaningfully recover, but Sheikh Nawaf said when it does Kuwait should be able to resume the majority of its production within less than a month. "We could get back to 80pc of our shut-in production [back] in less than a month, probably three weeks, because we have resilient reservoirs," he said. With around 2mn b/d of crude output shut-in, this would imply a return of 1.6mn b/d within weeks, lifting output to around 2.1mn b/d. Sheikh Nawaf suggested the shut-in of some reservoirs may have "benefited" them because it "allowed them to settle and recharge, essentially, the underground pressure." But he said the final 20pc "is always the hardest," which could take another "three to four months" to recover. By Nader Itayim Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
IMO warns against strait of Hormuz transits
IMO warns against strait of Hormuz transits
Singapore, 10 June (Argus) — The International Maritime Organization (IMO) has warned the shipping industry against attempting to transit the strait of Hormuz, emphasizing that there is no commercial or operational justification for putting lives at risk in such a highly volatile region. "I am increasingly concerned by reports that vessels continue to attempt to transit the strait of Hormuz without any credible security guarantees," IMO secretary-general Arsenio Dominguez said in a 9 June statement, adding that risks to shipping in the Mideast Gulf stemming from the US-Iran war are well established and have already resulted in seafarers being killed, injured or detained. "My primary concern is for the safety and lives of the seafarers being placed in these situations," Dominguez said, warning that crews must not be exposed to conditions where risks are known, significant and clearly beyond mitigation. The situation in the Mideast Gulf remains highly volatile and, in the absence of reliable security assurances, safe passage through the Strait of Hormuz does not exist, he added. "No commercial or operational consideration can justify exposing seafarers to such levels of danger. The protection of their lives must remain the overriding priority at all times," Dominguez said. The IMO head urged all stakeholders to act with the highest level of responsibility and repeated his call for all parties to refrain from any actions that place civilian seafarers' lives at risk. The warning from Dominguez follows recent remarks by US energy secretary Chris Wright at a 9 June forum in Washington, DC, that vessel traffic through the strait of Hormuz is "rising very meaningfully" and "will continue to rise". While commercial traffic through the strait remains well below pre-war levels, ship-tracking data from Vortexa show 51 crossings in the first nine days of June, up from 26 in the same period in May but still down from 68 in the corresponding period of April. Meanwhile, attacks on commercial shipping in the Mideast Gulf persist, most recently involving an empty oil tanker whose 24 crew members had to be evacuated after a US aircraft fired a missile that disabled the vessel. The vessel, which was sailing towards an Iranian port, had "failed to comply with directions from US forces," US Central Command said. UK Maritime Trade Operations has recorded a total of 54 reports of incidents affecting vessels operating in and around the Mideast Gulf, the strait of Hormuz and the Gulf of Oman as of 8 June, since the conflict began on 28 February. By Sean Lui and Jared Bateman Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US retaliates after Iran downs chopper: Update
US retaliates after Iran downs chopper: Update
Updates with details throughout Washington, 9 June (Argus) — The US military carried out retaliatory strikes on targets in Iran after Iran shot down a US military helicopter patrolling the strait of Hormuz earlier Tuesday. The US forces began launching "self-defense" strikes at 5pm ET (21:00 GMT) on Tuesday, and will keep its mission "proportional" to the Iranian attack, said the US Central Command (Centcom), which oversees the Middle East-based US forces. President Donald Trump earlier on Tuesday ordered the Pentagon to retaliate against Iran following what he said was the downing of a US Army Apache helicopter near the coast of Oman by Iran. The two crew members were safe, according to Centcom. Iran's foreign ministry and the Islamic Revolutionary Guard Corps (IRGC) issued statements on Tuesday that appeared to disavow direct responsibility for the downing of the US military helicopter. "Foreign forces in proximity to our territory are at constant risk on account of their own human errors, plain accidents, or potentially being caught in crossfire," Iran's foreign minister Abbas Araghchi said in a social media post. Iran will deliver "a decisive response" if the US renews hostilities following "the pretext of a helicopter crash", according to news agency Tasnim, which is linked to the IRGC. Low-intensity fighting between US and Iranian forces has flared up repeatedly since late May. The US has targeted Iranian military infrastructure around the strait of Hormuz and Iran responded with missile and drone attacks against vessels passing through the strait and US bases in Kuwait and Bahrain. The incident on Tuesday marks the first loss of a US military aircraft since the US and Iran declared a ceasefire on 8 April. Despite fighting underway, Trump since 22 May has repeatedly described a US-Iran peace deal as practically finalized. "We have ongoing negotiations in Iran and with Iran, that hasn't stopped," Trump said late on Monday. "And we could have at least an idea by one or two days from now, but I think it's going well." By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US defends Venezuelan oil achievements
US defends Venezuelan oil achievements
Caracas, 9 June (Argus) — The US' top envoy in Venezuela John Barrett highlighted Venezuela's crude exports reaching a multi-year high of 1.25mn b/d, which he attributed to the administration's continuing intervention. The exports are the highest in seven years and come as US authorities "continue collaborating" with the interim government of Venezuela, Barrett said. Venezuela's crude exports were slightly above 1.25mn b/d in the weeks starting 18 and 25 May, and averaged about 1.1mn b/d for all of May, based on Kpler shipping data. May's exports were the highest since February 2019, the data show. President Donald Trump's administration has stepped up efforts to showcase the increase in Venezuela's oil production and exports after the US intervention, to push back on critics of its handling of the war in Iran, which resulted in the greatest recorded disruption of global oil supply. "Venezuela really stands out as one of the great foreign policy successes of the Trump administration," assistant secretary of state Caleb Orr said at the Atlantic Council's Global Energy Forum in Washington on Tuesday. "We have more oil and gas and coal and everything else than any other country on the planet," Trump told reporters last week. "And then when you add Venezuela to it, we have probably 64pc of that type of energy." But Trump's Venezuela policy has as many critics in Congress as his approach to Iran. A group of Democratic US lawmakers on Monday renewed calls for free elections in Venezuela — the US did not recognize former leader Nicolas Maduro as president because of allegations of electoral fraud in the 2024 vote. The US left Maduro's vice-president Delcy Rodriguez in power after seizing Maduro on 3 January. "The Delcy regime is still stacked with the same Maduro regime officials, the regime has yet to outline an electoral timeline and 473 political prisoners continue to languish in prison", House Foreign Affairs Committee ranking member Gregory Meeks (D-New York) and Senate Foreign Relations Committee ranking member Jeanne Shaheen (D-New Hampshire) said in a letter to US secretary of state Marco Rubio on 8 June. "We understand that elections and a true democratic transition cannot happen overnight," the senators said. "But neither will happen at all if the Trump administration fails to exercise its leverage to insist on the necessary institutional changes that would make a democratic possible". In Caracas, relatives of political prisoners demonstrating outside the US embassy were promised individual interviews with US officials there to explain their cases. By Carlos Camacho Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
中东局势升级下的全球大宗商品市场：供应链与价格重构
中东局势升级下的全球大宗商品市场：供应链与价格重构
US Biofuels Feedstock Markets Reignited
US Biofuels Feedstock Markets Reignited
Global rare earths markets in transition
Global rare earths markets in transition
Commodities we cover
From upstream production to downstream end-uses, Argus illuminates complex and opaque commodity markets through accurate and reliable price discovery and actionable insight.
Crude Oil
As the leading price benchmark provider for global crude oil, Argus brings transparency to naturally opaque markets to enable trade efficiency.
Oil products
Price benchmarks and forward looking analysis for global refined oil products, including; road fuels, jet fuel, marine fuels, base oils and more.
LPG/NGLs
Market-leading price assessments, news, analysis, fundamentals data and price forecasting for the global LPG and NGL markets.
Gas and Power
Our benchmark price assessments, news and analysis give you vital insight into the key coal markets of Europe, Asia-Pacific, the Americas and Africa.
Why Argus
AI Solutions - Now Available
Artificial intelligence is reshaping the way we work with data, enabling fast summarisation, identifying patterns and trends, and producing new insights. Market intelligence becomes faster, clearer and more dependable with Argus AI solutions.
Find out more
How we deliver our services
Our wide range of delivery methods ensures you have instant access to the information you need whenever you need it, however you want it.
The Argus advantage
Our people
Our dedicated team of industry professionals are close to local markets, so you benefit not only from precise pricing data but the breadth of market intelligence at their fingertips. Data alone – no matter how accurate – is not sufficient.
Find out more
Methodologies
The unique market insights we deliver are founded on a deep understanding of market mechanisms. Our methodologies for price discovery are transparent and firmly based on rigorous processes and specifications developed in consultation with market participants.
Find out more
Heritage
For over 50 years, clients have benefited from the precise market intelligence delivered by Argus experts working collaboratively across the global commodity markets.
Find out moreLatest events
We draw upon our deep industry expertise and widespread network of well-placed industry commentators to organise events across key energy and commodity markets around the world.
Argus Bitumen & Roads Asia Conference
Argus Bitumen & Roads Asia Conference
Argus North American Biofuels, LCFS & Carbon Markets Summit
Argus North American Biofuels, LCFS & Carbon Markets Summit
Argus Global Coke & Carbon Conference
Argus Global Coke & Carbon Conference
How can we help?
No matter which side of the energy commodity market you are on, we remain committed to providing you with a clear focus on the intelligence that is relevant to you