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through those routes. 0vernight, oil prices dipped, but will it last? for a closer look at the energy markets, let s speak to rebecca babin. she is a senior energy trader at cibc private wealth. great to have you on the programme. how much other concern is this price rise? 50 how much other concern is this price rise? ~ how much other concern is this price rise? ~ , . rise? so i think the concern right now is really rise? so i think the concern right now is really kind rise? so i think the concern right now is really kind of now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal, what it is concerned with right now and the reason it has risen 6%, is because the shipping costs associated with travelling around the southern tip of africa to reach its destination as around 15 days of travel time. it increases freight costs. and it h ....
rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can change very rapidly. to ....
intense negotiations are continuing in the hope that the united states will finally back a resolution. it comes as hamas said that more than 20,000 people have now died since israel launched its military offensive after the october 7th attacks, in which 1200 people in israel were murdered. hamas which is designated a terrorist organisation by the uk government says the majority of those who ve been killed in gaza are women and children. 0ur fergal keane reports. the boy lies on the body of his father. his father is among the 20,000 reported dead. but the survivors do not think of the deadin survivors do not think of the dead in figures of thousands. there is is an intimate reckoning. counted in the vanished faces of those they loved. from the beginning, they have known there is no escape. from gaza. 0rfrom grief. in this hospital in central gaza, the wounded child holds to symbols of antiracist normality. this girl lost ten members of herfamily normality. this girl ....
i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president ....
are continuing in the hope that the united states will finally back a resolution. it comes as hamas said that more than 20 thousand people have now died in gaza since israel launched its military offensive after the october 7th attacks, in which 12 hundred people in israel were murdered. hamas which is designated a terrorist organisation by the uk government says the majority of those who ve been killed in gaza are women and children. our special correspondent fergal keane reports. the world is debating calls for a ceasefire and a bleak new reckoning of the dead is declared. but, for the people of gaza, the suffering is felt. not counted. dead children brought to be touched a final time by their wounded father. a mother comes to mourn a lost daughter. imagine that yesterday i was brushing her hair, making her a sandwich for dinner and putting her to sleep. then you wake up in the morning and there is no fatima anymore. from the beginning, they have known there is no ....