Oil is hitting its highest level in months
Brent crude futures, the benchmark, have climbed 16% in 2024 to just under $90 a barrel, a level last breached in late October.
Stay updated with breaking news from David Wech. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brent crude futures, the benchmark, have climbed 16% in 2024 to just under $90 a barrel, a level last breached in late October.
According to Lloyd’s List Intelligence vessel-tracking data, yesterday saw the lowest vessel activity in the Red Sea since shipowners and charterers in all sectors first started to reroute around the Cape of Good Hope in November last year
As the missiles fly and ships divert, the Lloyd’s List team are joined by industry experts to offer expert views on how the events in the Red Sea are going to be shaping shipping markets and risk assessments globally over the coming days and weeks
Natural-gas and crude markets rose, but ample global supplies of the two fuels are keeping the advance in check.
After extending its production cut, Saudi Arabia is set to deliver full crude oil volumes by contract to buyers in North Asia in October.