Bloomberg Real Yield focuses on global issues and events that directly affect debt markets. Host Jonathan Ferro discusses stories from the fixed income world with the biggest names in the field. The show provides critical intelligence and analysis, allowing its audience to stay ahead of the competition.
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A tanker is loaded with crude oil.
Devika Krishna Kumar and
Julian Lee
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Supertankers holding more than 20 million barrels of Saudi Arabian crude are clustered off Egypt’s Red Sea coast, the most since the depths of the worldwide pandemic in 2020, data from Vortexa showed.
The reasons behind the buildup are unclear and it comes at a time when Saudi Arabia has vowed to make additional production cuts in an attempt to lift prices. Fears about a supply glut have gripped the markets as investors try to gauge the direction of demand growth, particularly in China.