Rotterdam (The Netherlands): In the backdrop of mounting geopolitical tensions and disruptions in the supply chain, WTI and Brent futures have maintained stability, holding at USD xx.xx and USD xx.xx per barrel, respectively. This stability coincides with Europe&#xx;s strategic shift towards alternative fuel sources, exemplified by a notable increase in Indian Diesel exports to the continent. The upheaval in the Red Sea, disrupting shipping routes, serves as a key factor underscoring the current dynamism in the global fuel market. Meanwhile, optimistic sentiments persist in the U.S., fuelled by low inventories and a positive economic outlook among fund managers.
The escalating disruptions in the Red Sea, with at least six oil tankers avoiding the region due to U.S.-led strikes against Houthi targets in Yemen, pose a significant concern. These disruptions are reverberating through the vital energy shipping route, impacting Diesel barge refining margins, which have risen...
