A Panicked Race for Barrels Is Gripping the Global Oil Market - Bloomberg.com
business 2026/04/11 15:00:17

A Panicked Race for Barrels Is Gripping the Global Oil Market - Bloomberg.com

Source:Bloomberg
Author:Yongchang Chin, Lucia Kassai, Bill Lehane, Grant Smith

While investors focused on the fragile Iranian ceasefire this week, a desperate scramble for cargoes has been playing out in the oil market, as traders and refiners scour the globe for immediately available supplies.

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