The Red Sea ship diversions have led to a surge in bunker demand and prices in Africa and the Mediterranean. South African bunker prices have skyrocketed due to the incremental additional bunker fuel demand. The disruptions in the Red Sea have also caused the Europe and Africa crude market to tighten, driven by increased demand from China.
Europe, Africa crude market tightens on Red Sea disruptions, China demand #oott https://t.co/odcz5mlXsG
"RED SEA DIVERSIONS CREATING INCREMENTAL ADDITIONAL BUNKER FUEL DEMAND - SOUTH AFRICAN BUNKER PRICES SKYROCKETING" - MARHELM SOURCES
Red Sea Ship diversions drive surge in bunker demand and prices across Africa and Mediterranean https://t.co/rCCvsndGiw https://t.co/8kUTef769S
Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean https://t.co/y1YZIKuZeJ https://t.co/se56yfwR3d
Red Sea ship diversions boost bunker demand, prices in Africa, Mediterranean #oott https://t.co/P2xXOewJTu