Red Sea

Oil supply tightens in Europe over Red Sea disruptions

The structure of the global benchmark Brent crude futures market and some physical markets in Europe and Africa have been reflecting tighter supply partly over concerns about shipping delays as vessels avoid the Red Sea due to missile and drone attacks. The disruptions – which have been the largest to global trade since the COVID-19 … Read moreOil supply tightens in Europe over Red Sea disruptions

Oil supply tightens in Europe over Red Sea disruptions

The structure of the global benchmark Brent crude futures market and some physical markets in Europe and Africa have been reflecting tighter supply partly over concerns about shipping delays as vessels avoid the Red Sea due to missile and drone attacks. The disruptions – which have been the largest to global trade since the COVID-19 … Read moreOil supply tightens in Europe over Red Sea disruptions

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