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Read the latest reports from our London-based research team.
Brent crude prices exceeded USD 85 per barrel as US-Iran tensions escalate, raising concerns over oil supply disruptions, while IEA forecasts a 3.7 Mn bpd decline in global supply through 2026.
The US-Iran conflict intensifies, prompting oil price spikes, while Russia-Ukraine attacks disrupt grain shipping in the Sea of Azov, posing risks to global supplies, amidst Europe’s paradox of rising LNG imports from Russia.
Crude tanker markets saw VLCC rates firm in the West amid tightening tonnage, yet geopolitical tensions from the AG and Iran could increase supply pressure, impacting demand and rates across the sector.