Igor Yushkov, an analyst at the National Energy Security Fund, an expert at the Financial University under the Russian government, commented on the situation in the Suez Canal.
According to Yushkov’s forecast, the container ship Ever Given will be moved from its place in the coming days, and the canal will again become navigable.
“Now market sentiment is being shaped by news of a possible third wave of coronavirus, many countries are introducing even stricter quarantines. In addition, oil was initially overvalued, it could not cost $ 70 per barrel in terms of the balance of supply and demand. The story with the Suez Canal will only slightly restrain the correction process, ”the expert said.
Earlier, the editor-in-chief of the online edition “Sea Bulletin” Mikhail Voitenko, in an interview with “Vzglyad”, commented on the situation in the Suez Canal.
Source site russian.rt.com