Shags202
Registered Member
Saudi export disruptions help drive some physical oil cargoes above $130 a barrel
Prices for some physical oil cargoes in Europe have topped $130 a barrel on Tuesday as tensions in the Middle East fester and a key Saudi pipeline remains offline since an attack last week, according to trade sources cited by Reuters, approaching record highs seen in April.Saudi Arabia has suspended late-September cargo shipments to European buyers after an attack on its East-West Pipeline last week forced it to cancel loadings from the Red Sea port of Yanbu,
North Sea oil is being viewed as a potential alternative to Saudi crude, but according to LSEG data North Sea Forties crude has jumped to $136.75 a barrel, nearing an all-time high from April at the height of the Iran war.
I think we all going to be fubar because of this war very soon






