Tankers carrying US fuel clog shipping lanes to Europe by Bloomberg
© Reuters. Tankers carrying US fuel clog shipping lanes to Europe
(Bloomberg) – The number of U.S. cargoes bound for European ports jumped by a third over the weekend as the continent shivers amid a worsening energy crisis.
According to data compiled by Bloomberg, 20 tankers were transporting US gas to Europe, up from 15 on the eve of the Christmas holidays. Fourteen other ships were heading for general Europe pending final orders.
European gas prices fell for a fourth straight session on expectations that US deliveries will help allay supply concerns. Even after the recent crisis, fuel prices are still 10 times higher than a year ago.
© 2021 Bloomberg LP
Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.