The oil market has shown remarkable resilience to geopolitical risks in recent months, with the conflicts in Ukraine and the Middle East having little impact on prices of late. Geopolitical risk premiums have led to sporadic price rises over the past year, but the physical markets have adapted to trade flow shifts without too much trouble, analysts said at the APPEC conference by S&P Global Commodity Insights this week. The re-routing of Russia’s oil shipments away from Europe and into Asia and the re-routing of oil…
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