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The Next Major Oil Supply Shock Could Come From Saudi Arabia
Houthi strikes on Saudi oil infrastructure threaten production as Brent crude hits $108 and the Brent-WTI spread widens to $5. The LNG Market Gets a New War Premium - Asian liquefied natural gas prices soared to their highest since December 2022, as repeated attacks on tankers across the Middle East and Europe’s worsening winter outlook pushed JKM above $30 per MMBtu. - Whilst China’s import giants – China and Japan – have been buying 8-10% less LNG year-on-year, seeking to maximize nuclear and renewable energy generation,…
Latest closeWTI crude $91.10 ▲3.2%|Brent $103.93 ▲3.7%|Nat gas $3.136 ▼2.1%
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