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● LATEST BRIEFMar 15, 2026

Red Sea Disruption: Fertilizer Shipment Delays to Europe

Ongoing Houthi activity in the Red Sea corridor is extending fertilizer transit times by 12–18 days for shipments from the Gulf to Northern Europe. Buyers advised to reassess laycan windows.

Read Full Brief →Intelligence Brief
Fertilizer MarketsNewApril 2026

India's Urea LC Paralysis: Why the World's Largest Buyer Is Standing Still

India issued a 2.5M MT urea tender in April 2026 — and then went quiet. Offers near $1,000/t, an 85% collapse in Strait of Hormuz shipping, and bank-level force majeure aversion have created a standoff with a hard deadline: June 14.

UreaIndiaHormuzTrade Finance
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Intelligence Briefs

PublicMar 10, 2026

OFAC Alert: Two Venezuelan Entities Added to SDN List

OFAC added two Venezuelan-linked entities to the SDN list on 08 March 2026. Both entities are involved in petroleum product intermediation. Counterparty screening recommended immediately.

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SubscribersMar 8, 2026

EN590 ARA Spot Premium Narrows vs ICE Gasoil

ARA EN590 physical premiums over ICE Gasoil futures have compressed 40% since mid-February, reflecting improved refinery run rates in Northwest Europe and reduced heating oil demand.

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Archive

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Market Reports

Energy MarketsMarch 2026

European Gasoil Outlook Q2 2026

Analysis of EN590 supply dynamics, refinery maintenance schedules, and ARA inventory trends heading into Q2 2026.

EN590ARAEurope
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Fertilizer MarketsMarch 2026

Global Urea Supply Tightening: Middle East & Black Sea Update

Production curtailments and logistics disruptions driving urea prices in key export corridors.

UreaMiddle East
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ComplianceFebruary 2026

New OFAC Designations: Trading Implications for Commodity Firms

A breakdown of the latest OFAC SDN additions and their practical implications for physical commodity trading operations.

OFACSanctions
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Soft CommoditiesFebruary 2026

Brazil Sugar Export Season 2026: Volume Forecast & Logistics

Port of Santos throughput data, ICUMSA 45 premium spreads, and the outlook for Brazilian sugar exports in 2025/26.

SugarBrazil
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Audio Series · 4 Episodes

The SCG Podcast

Conversations on commodity trading, compliance strategy, and the systems that power modern trading operations.

Available on
Spotify
EP 4LatestMar 2026· 38 min

Navigating OFAC Designations in Physical Commodity Trading

How trading companies should adapt compliance workflows when new OFAC designations impact active counterparties and trade routes.

EP 3Feb 2026· 44 min

EN590 & the European Diesel Market in 2026

Supply dynamics, pricing mechanisms, and refinery relationships in the ARA gasoil market heading into Q2.

EP 2Jan 2026· 31 min

KYC at Scale: Onboarding Counterparties in Multi-Jurisdiction Trading

The practical challenges and solutions for running institutional-grade KYC across high-volume commodity trading operations.

EP 1Dec 2025· 41 min

Urea Markets & the Fertilizer Supply Chain in 2025

Breaking down the global urea market — supply hubs, trade flows, sanctions risk, and what buyers should watch in 2026.

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