Equity Long-Short

Mo Aziz

Capital markets veteran with 25 years across sell-side and buy-side research, investor relations, and fund management. Currently publish independent equity research (Mofferies Investment Research, via Smartkarma) spanning semiconductor memory (DRAM/NAND/HBM), foundry, semiconductor equipment and advanced packaging, gold and cross-asset strategy, financials forensics, and APAC IPOs — with a standing watchlist of 190+ companies across 41 countries. Background includes deep aviation-sector expertise (airlines, airports, OEMs, lessors, air cargo, travel/OTAs). Approach centers on identifying cyclical inflection points and mispriced risk across sectors, translated into explicit, actionable calls.

Thematic (Sector/Industry)

United states Oil, gas and consumable fuels / Thematic (Sector/Industry)

<ul>
<li>Singapore's Dubai cracking margin turned negative on 9 September (–US$2.93) while the USGC LLS margin sits at US$53.18, the top of its five-year range.</li>
<li>Cause: Dubai crude now trades above Dated Brent. Asia carries the Hormuz scarcity in its feedstock; the Atlantic basin carries it only in its products.</li>
<li>Next: Asian run cuts, cheap Asian diesel dragged west, freight stays bid. The gap closes from the Singapore side, but only after the cuts, and only until the Strait reopens.</li>
</ul>


Singapore's Dubai cracking margin turned negative on 9 September (–US$2.93) while the USGC LLS margin sits at US$53.18, the top of its five-year range.
Cause: Dubai crude now trades above Dated Brent. Asia carries the Hormuz scarcity in its feedstock; the Atlantic basin carries it only in its products.
Next: Asian run cuts, cheap Asian diesel dragged west, freight stays bid. The gap closes from the Singapore side, but only after the cuts, and only until the Strait reopens.


Asia Pays the Hormuz Premium, America Banks the Crack