IMG.gif
spot cargo markets

Banking Contagion Spooks Oil Markets

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss1141370150-abstract-concept-trading
Sittipong Phokawattana/Shutterstock

Global commodity markets were rattled by fears of contagion in the banking sector, which threatens to undermine fragile economic growth this year. Oil prices fell to a 15-month low as the 1.75 million barrel per day oil demand growth traders have been betting on was suddenly put in jeopardy.

Topics:
Jet Fuel, Oil Demand
Wanda Ad #2 (article footer)
#
News that airlines were having to tanker fuel into French airports sent jet cargo premiums soaring and threatened to derail industry preparations for summer.
Fri, Mar 24, 2023
Iraq's victory in the landmark arbitration case against Turkish pipeline operator Botas is a major blow for the Kurdistan region's independent oil sector.
Sat, Mar 25, 2023
High stocks shield the EU from the impact of the Russia product import ban, while Moscow struggles to sell millions of barrels of diesel.
Mon, Mar 20, 2023