No posts with label After traffic picks up, another 52 days are needed for oil to arrive at far-off buyers in Asia and get refined, according to Michael Haigh, head of commodities research at Société Générale. Assuming a late-June Hormuz reopening, supply relief wouldn’t materialize until late-August and meaningful normalization would only happen in September, he said.. Show all posts
No posts with label After traffic picks up, another 52 days are needed for oil to arrive at far-off buyers in Asia and get refined, according to Michael Haigh, head of commodities research at Société Générale. Assuming a late-June Hormuz reopening, supply relief wouldn’t materialize until late-August and meaningful normalization would only happen in September, he said.. Show all posts
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