Will Cunliffe
Research Analyst, The Officials
You can’t handle the truth!
There's a high number of vessels docked at ports inside the Gulf, Trump thinks he can replace Canada as US inflation is on the rise.
There's a high number of vessels docked at ports inside the Gulf, Trump thinks he can replace Canada as US inflation is on the rise.
American claims that 40 tankers crossed the Strait in one night or that 10 mil bbl exited yesterday are outright false! Nevertheless, a shipping source told The Officials August has been particularly busy for Middle Eastern cargoes – from the Red Sea, Arab Gulf and Gulf of Oman – he counted 60-70 cargoes per decade (10-day period) in August, compared to more typical 50-55 per decade pre-war. Flat price fell hard late night and continued to grind lower through the Asian session but rallied in the London afternoon. By the close, it had recovered to $88.46/bbl, though the prompt spread closed at $1.16/bbl.
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About Euro Edition
Benchmark reports published at the end of the London trading day.
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