Red Sea Disruptions Spark Oil Tanker Shortfall
Disruptions in the Red Sea shipping routes have led to a severe shortage of oil tankers globally, tightening shipping capacity and driving daily rates higher.
Source: oilprice.com
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Oil Tanker Shortage Emerges After Red Sea Crisis Disrupts Global Trade
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
Bigger OPEC+ Quota Will Help Boost UAE's Economic Growth
According to a new forecast by FocusEconomics, a higher OPEC+ quota will help stimulate the UAE’s economic growth in 2024.
Source: oilprice.com
Panama Canal jam sends ships continents out of their way
The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing shippers worldwide to face a painful choice.
Source: richmond.com
Panama Canal traffic squeezed by drought | Northwest Arkansas Democrat-Gazette
The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing shippers worldwide to face a painful choice.
Source: nwaonline.com