Global Trade At Risk As Shippers Shun Red Sea Over Houthis Attacks
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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Global trade at risk as shippers shun Red Sea over Houthis attacks
Cape transport option adds 40% to voyage distance All shipping lines targeted by Houthis Jet fuel most commonly traded commodity along Suez Canal Repeated attacks by Yemen's Houthis militia along the
Source: spglobal.com
NNPC plans new pricing regime for crude oil traders
The Nigerian National Petroleum Company Limited will review how its crude cargoes are priced from January 2024.
Source: punchng.com
Russia's Support Of OPEC Fails To Impress Traders, Oil Falls
Meanwhile, the Saudis lower their crude trading prices to Asia.
Source: shipandbunker.com
Demand Concerns Dominate Oil Markets Despite OPEC+ Cuts
OPEC+ members have so far failed to shift sentiment in oil markets, with macroeconomic concerns continuing to weigh on oil prices.
Source: oilprice.com