The Next Major Oil Supply Shock Could Come From Saudi Arabia

The Quick Take
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 giant
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