Ever Given Partially Refloated in Suez Canal

The transcript discusses the movement of a ship closer to the eastern bank of a canal and the potential resumption of passage for other ships. It highlights the oil market's stoic response to the canal blockage, attributed to well-supplied markets and muted demand due to European lockdowns. Additionally, Abu Dhabi's introduction of a new regional oil benchmark is explored, with its potential impact on existing benchmarks and market trust being key factors.

What challenges are faced by the oil demand in Europe according to the text?

What is the significance of the new regional benchmark being set up by Abu Dhabi?

How does the new crude futures trading relate to existing benchmarks like Brent and WTI?