Europe, Africa crude market tightens on Red Sea disruptions, China demand
Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market
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Crude oil market in Europe and Africa are reacting to Red Sea crisis by tightening the market
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The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red Sea,...
Chinese refiners are actively booking crude oil cargoes for delivery in March and April to replenish stocks, locking-in relatively low prices and in anticipation of stronger demand in the second half... -January 16, 2024 at 07:19 pm EST - MarketScreener
Analysts and industry sources said the cut this time brought the price of Saudi crude into line with that of other producers