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The Middle East conflict is unlikely to move the needle much in oil markets this year with ample global supplies reining prices in around the current $80 a barrel level, a Reuters poll showed on Thursday. A survey of 40 economists and analysts forecast Brent crude would average $81.13 per barrel in 2024, slightly down from the $81.44 consensus in January. "Disruption in the Red Sea has less impact because there are alternative routes available," said John Paisie, president of Stratas Advisors, referring to attacks on shipping by Yemen's Houthis.

Saudi arabiaRed seaDjibouti generalSwati vermaJohn paisieNoah browningFlorian grunbergerHarshit vermaJan harveyWilliam weatherburnGoldman sachsInternational energy agencyMiddle eastStratas advisorsAnjana anil