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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.

Posts authored by Martha

It’s Not Coming Home (The Barrel, Through Hormuz)

Brent stabilises below $85 as backwardation returns. Dubai weakens sharply, while refining margins climb to record highs.
16 page report
16 July 2026

Unshocked By The Shockwaves

See all the updates across the barrel and a half dozen contracts to watch in our six reports.
6 reports
15 July 2026

Open Hormuz, Close Hormuz

Renewed US-Iran hostilities lift front Dubai spreads out of contango; selling flows focused in Q4 Brent/Dubai
14 July 2026

CFTC Weekly: Risk on in Products

Outright length in Brent lowest since December
13 page report
13 July 2026

Surprise from China

RBBR volatility and Chinese export increases cause big swings in gasoline
14 page report
13 July 2026

Bullish Blender

Naphtha rally continues on blending demand and geopolitical risk; fund buying in Q4'26 NWE cracks
17 page report
13 July 2026

Hungry for TACOs

US-Iran tensions escalate as strikes hit vessels and targets. Brent spikes $8 before easing as markets digest renewed volatility.
16 page report
9 July 2026

Truce Abuse

VLSFO cracks rally on renewed US-Iran hostilities; diverging sentiment between pricing and prompt 380 spreads
9 July 2026

The Sequel No One Asked For

The front-month Aug'26 DFL was already seeing bullish sparks, and price action was further boosted by renewed geopolitical tensions....
6 reports
8 July 2026

Hedge Of The Day

Brent/Dubai remains largely rangebound with no dominant market axe; Dubai spreads in deep contango
7 July 2026

Bear With Me

Crude eyes a reset while summer gasoline tightness keeps the light ends supported...
29 page report
6 July 2026

Dame Más Gasolina

Gasoline cracks continue rally but bullish momentum fading; E/W finds a floor
14 page report
6 July 2026