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Delays in the Turkish straits put freight markets and Urals Med crude under pressure
Energy Transition
Platts Market Data – Oil
North American Crude Oil Summit, 3rd annual
Energy markets feel brunt of pandemic on global commodities
The Turkish straits form the link between the Black Sea and the Mediterranean – a crucial choke point for transporting crude oil. But this year, poor weather and frequent closures in the Bosporus and Dardanelles have led to the longest shipping delays through the straits in at least 10 years. S&P Global Platts editors Paula VanLaningham and Peter Farrell join Joel Hanley to talk about the impact on European crude markets.
