The oil market in Europe is strengthening sharply \u2014 bucking a global surplus \u2014 as reduced shipments from Kazakhstan and elsewhere tighten supply.<\/p>\n
Smaller flows of Kazakhstan\u2019s CPC Blend, as well as disruptions in Libya and some North Sea fields, have pushed up physical prices in the North Sea and Mediterranean. WTI Midland, a key grade for setting global benchmark Dated Brent, traded at a premiumBloomberg Terminal<\/a> of $2.90 Tuesday, the highest in more than a year. The price of Azeri Light, a favorite among Mediterranean refiners, also soared to a one-year highBloomberg Terminal<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"The oil market in Europe is strengthening sharply \u2014 bucking a global surplus \u2014 as reduced shipments from…\n","protected":false},"author":2,"featured_media":234142,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2300,138,219,2024,3214,29284,16609,18292,77672,220,111,139,85209,69,41812],"class_list":["post-234141","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia","tag-business","tag-economy","tag-europe","tag-exports","tag-generic-1st-cl-future","tag-iran","tag-kazakhstan","tag-libya","tag-markets","tag-new-zealand","tag-newzealand","tag-north-sea","tag-nz","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/234141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=234141"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/234141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/234142"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=234141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=234141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=234141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}