On July 29, the oil product tanker Mercer Street was victim of a deadly drone attack, while a few days later another tanker, the Asphalt Princess, was reportedly hijacked. Both incidents are adding to heightened tensions in the Middle East, which remains a critical region for global oil supply. What impact are these incidents having on freight and oil markets at the time when COVID-19 is still weighing on global oil demand? In this episode of the Oil Markets Podcast, S&P Global Platts Senior Editor Eklavya Gupte and Associate Editorial Director of EMEA Clean Refined Products Francesco Di Salvo discuss the latest drama unfolding in the Middle East.
Oil Markets