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i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing and looking at this point. the market has not entered a panic mode, as we ve seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now, it is a logistical re routing, what we are seeing, and not kind of that panic and fear that we are going to lose barrels. that obviously can change very rapidly, and we have seen that obviously can change very rapidly. the venezuelan president ....
but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. that is what the markets are pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to pricing supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re going to lose barrels. that obviously can c ....
around 0.32%. some reprieve, but will it last? rebecca babin is a senior energy trader at cibc private wealth. she gave me her predictions. i think the concern right now is really kind of concentrated on the longer shipping time. the market is not pricing in that we actually lose barrels from the market as a result of what is happening in the suez canal. what it is concerned with right now and the reason it has risen 6% is because the shipping costs associated with travelling around the southern tip of africa to reach its destination adds around 15 days of travel time. it increases freight costs. and it has increased insurance costs. so that is what the market is pricing in and looking at at this point. the market has not entered a panic mode, as we have seen in the past with other geopolitical events, where it starts to price in supply is lost from the market. right now it is a logistical rerouting, what we re seeing, and not kind of that panic and fear that we re g ....
for truth, the duke has been repeatedly exposed in recent years as someone who wouldn t know the truth if it slapped him around his california tanned face. also tonight the israeli military expresses deep remorse after it mistakenly shoots dead three hostages being held in gaza. in the us, rudy giuliani donald trump s former lawyer is ordered to pay over £100 million for false claims of vote tampering in the 2020 election. the british boy alex batty found this week after six years french officials give details of what happened to him. and on the eve of the strictly final we hear from the three couples giving it their all in the hope of dance floor glory. on newsnight at10:30. i ve never hacked a phone or told anyone else to hack a phone and nobody has produced any actual evidence to prove that i did. that wasn t the ruling delivered by high courtjudge today. good evening. earlier this year prince harry became the first senior royal of modern times to give e ....
Hello, and welcome to st pauls cathedral, in the heart of the City Of London for a service of prayer and reflection in thanksgiving for the life of Queen Elizabeth ii. The service will open with the first address to the whole country by king charles iii. The congregation here will represent the mass of the people to whom he will speak from now on. From north to south, east to west. Because, unlike most State Celebrations or commemorations, the cathedral is not filled with those that are hereby reason of rank or status. The Prime Minister will give a reading. But all afternoon, crowds have been queueing up outside, because almost everybody here in this Wonderful Church have simply turned up because they w ....