Kpler's Bakr posts "Europe has few options to replace lost jet fuel flows from the Middle East following disruption in Hormuz. With Asian markets pulling cargoes eastward and export restrictions tightening supply..."
Cont'd.. "attention is shifting to the Atlantic Basin – particularly the US Gulf Coast and West Africa – though available volumes are unlikely to fully offset the shortfall."
Context
The disruption in the Hormuz Strait is leading to tighter jet fuel supplies for Europe, at a time when Asian markets are drawing more cargoes eastward. This shift in focus to the Atlantic Basin, including the US Gulf Coast and West Africa, highlights potential supply constraints, which may impact prices and inflation pressures in the energy sector.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#ASIAN SESSION#ENERGY & POWER