Production

'An unexpected gift': Oil price steams ahead after huge ship blocks Suez Canal

Despite promises from Egypt to deal with shipping incident, markets remain in temporary upward move

Blockage: the Ever Given, a 400-metre long and 59-metre wide container vessel, lodged sideways and impeding traffic across Egypt's Suez Canal on 24 March
Blockage: the Ever Given, a 400-metre long and 59-metre wide container vessel, lodged sideways and impeding traffic across Egypt's Suez Canal on 24 MarchPhoto: SUEZ CANAL AUTHORITY/AFP/SCANPIX
  • Vladimir Afanasiev
Moscow
Rystad EnergyEgyptSuez CanalAfricaNorth Africa
Published 24 March 2021, 16:22Updated 24 March 2021, 16:58