What’s happening this week in Shipping, Energy, and Geopolitics? SEG’s team examines news and trends from around the world.
Shipping: Asia-US West Coast prices decreased by 8% and Asia-N. Europe prices decreased by 7%.
Energy: China starts rebuilding oil inventories, impacting global oil dynamics.
Geopolitics: Fragile ceasefire between Israel and Hamas in Gaza, mediated by the US, Egypt, and Qatar, entering its last days with uncertain prospects.
Shipping: WinGD to supply methanol-fueled engines for green container vessels, reflecting a shift towards sustainable shipping solutions.
Energy: Oil prices remain depressed after OPEC+ decision to postpone a meeting, leading to a 4% plunge in prices.
Geopolitics: Tensions in Kosovo are escalating, and the upcoming elections in Serbia on December 17 represent a potential point of further escalation.
What to watch out for
Shipping: The evolution of green vessels and their impact in the shipping industry
Energy: The potential long-term effects of depressed oil prices on global energy markets and OPEC+ future decisions and the impact of China’s renewed oil inventory building on global oil trade and pricing.
Geopolitics: The role of US policy and international negotiations in shaping the future of the Israel-Hamas conflict.