Supply Uncertainty Leaves Oil Markets on Edge ...Middle East

OILPRICE - Economy
Supply Uncertainty Leaves Oil Markets on Edge
source : OILPRICE ( Middle East ) () 27
An uncertain supply picture has oil markets on edge, with disruptions and geopolitical risks being counterbalanced by rising production in Norway and Libya. Economic uncertainty is adding downward pressure to oil prices.Chart of the Week- The continued rerouting of ships from Asia to Europe has been greatly reducing the availability of spot tankers that could be chartered, lifting the price of shipping, especially when it comes to clean products. - As Bloomberg reports, the day rate for shipping a cargo of gasoline from northwest Europe to the…

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