26 Nov 2024
25 Nov 2024
Global oil benchmarks ended the week on a strong note, rising over 1% on Friday, November 22, 2024, to reach two-week highs. The gains were fueled by escalating geopolitical tensions in Eastern Europe, which heightened concerns about potential disruptions to Russia's oil infrastructure and supply.
25 Nov 2024
22 Nov 2024
22 Nov 2024
21 Nov 2024
Despite these losses, prices found some support due to escalating tensions in Eastern Europe, which heightened concerns over potential supply risks from the region. A weakening US dollar also helped cushion the decline
21 Nov 2024
Meanwhile, the Asia-Europe trade lane has experienced a sharp increase in freight costs, with rates climbing by approximately 30% since early November. To reflect heightened demand, carriers have introduced General Rate Increases (GRIs), with some aiming to push December rates above $6,000/FEU.
