{"id":632926,"date":"2024-02-05T09:59:17","date_gmt":"2024-02-05T04:29:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632926"},"modified":"2024-02-05T10:15:40","modified_gmt":"2024-02-05T04:45:40","slug":"militant-danger-at-red-sea-spurs-global-crude-oil-buyers-to-go-local","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/militant-danger-at-red-sea-spurs-global-crude-oil-buyers-to-go-local\/","title":{"rendered":"Militant danger at Red Sea spurs global crude oil buyers to go local"},"content":{"rendered":"<p>The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive. <\/p>\n<p>A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split, with one trading region centered around the Atlantic Basin and including the North Sea and the Mediterranean, and another encompassing the Persian Gulf, the Indian Ocean and East Asia. There\u2019s still crude moving between these areas \u2014 via the longer and costlier journey around the southern tip of Africa \u2014 but recent buying patterns point to disconnection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make supplies from closer to home more attractive. A slump in tanker traffic through the Suez Canal is spurring the beginnings of a split, with one trading region centered around the Atlantic Basin and including the North Sea and the Mediterranean, and another encompassing the Persian Gulf, the Indian Ocean and East Asia. There\u2019s still crude moving between these areas \u2014 via the longer and costlier journey around the southern tip of Africa \u2014 but recent buying patterns point to disconnection.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-632926","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632926"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632926\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}