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MARTHA DOWDING

Research Associate, Flux

About Martha

Martha holds a degree in Chemical Engineering from Newcastle University and has over three years of experience at Flux. She specialises in light ends and is committed to building a comprehensive understanding of oil and refined products, alongside weather dynamics, biofuels, and petrochemical systems.

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Exploring how weather affects the market

Posts authored by Martha

Physical Goes Negative

Forties selling weighs on Dated; Iran strikes lift Brent futures, widening gap between paper strength and weak physical.
3 March 2026

Supply Shock and Roll

War news jolts Brent/Dubai; Platts Gulf changes hit spreads. Dubai strong front-month, but April hinges on conflict duration.
3 March 2026

Finding a Line in the Surge

Brent & cracks surge on geopolitics; momentum strong but overbought. Upside targets near key resistance, downside risk if flows fade.
9 page report
3 March 2026

Hormuz, We Have A Problem

Iran strikes lift risk premium; heavy longs add upside on disruption risk, but correction looms if tensions ease.
16 page report
2 March 2026

The East Outpaces the West

East gasoline outperforms West; E/W and transatlantic arb strengthen as OI builds and flows shift on geopolitics.
14 page report
2 March 2026

The Best of the East/West…?

E/W strength on freight, propane strength and geopolitical worries in the Middle East
17 page report
2 March 2026

Brent Briefly Breaks $73/bbl

Brent around mid-$70s; US takes Venezuelan oil proceeds direct to Treasury; Saudi Aramco pushes Jafurah gas; Russia exports stable into 2025
4 page report
27 February 2026

Brent Trades Up to $71.94/bbl

US–Iran talks extend; Croatia offers pipeline oil; Venezuela suspends 19 deals; Pakistan declares open war on Afghanistan.
4 page report
27 February 2026

Brent Trades Up to $71.80/bbl

Middle East-China tanker freight surges to highest since 2020 amid US-Iran tensions; Russia shifts Urals exports to China as India cuts purc
4 page report
26 February 2026

Super Duper Bulls

US–Iran tension lifts Brent and freight rates; heavy net longs raise rally risk, but downside looms without disruption.
16 page report
26 February 2026

Brent falls below $70.00/bbl

Iran-US nuclear negotiations, Venezuela to grant oil production blocks to Chevron; US approves limited resale of Venezuelan crude to Cuba
4 page report
26 February 2026

Absolute Ship Show

See all the updates across the barrel, as well as six contracts to watch. ...
6 reports
25 February 2026