Saudi disruption sends oil soaring
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Global oil prices rose above $108 per barrel as analysts warned of a prolonged oil shock, saying Saudi export disruptions could drive prices toward $150–200 a barrel.
Reposted by David Darmofal
Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted last week following drone attacks www.bloomberg.com/news/article...
Saudis Seek to Resume Half of Key Oil Pipeline Within Days
Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted last week following drone attacks, a person familiar with the matter s...
www.bloomberg.com
September 16, 2026 at 5:41 PM
Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted last week following drone attacks www.bloomberg.com/news/article...
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
Trump claims consumers are being 'gouged' by gas companies and orders DOJ price probe | Fortune
"Gasoline prices better start going down a lot faster than what I’m seeing!" Trump wrote.
fortune.com
September 16, 2026 at 2:30 PM
"Oil price pass-through into consumer prices: Evidence from U.S. weekly data" has been cited at the Fortune magazine: fortune.com/2026/06/24/trum...
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
September 16, 2026 at 2:09 PM
It is hard to articulate how insanely stupid & destructive the war against Iran has been, but as one clear data point, there is no reason to assume the price of gas would have been anything other than flat had Trump not chosen to start his absurd war.
Reposted by Brian Young, Henry Jones
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
September 16, 2026 at 1:33 PM
US diesel prices hit record highs as executives warned that the monthslong crunch in oil markets was entering its most acute phase.
www.semafor.com/article/09/1...
www.semafor.com/article/09/1...
Saudi Pipeline Attack Risks ‘Disastrous’ Loss of Millions of Barrels of Oil
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks (Gift Article)
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
www.nytimes.com
September 16, 2026 at 12:30 PM
Saudi Pipeline Attack Risks ‘Disastrous’ Loss of Millions of Barrels of Oil
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
by Jason Lyall
“We have two major waterways obstructed, active attacks, Iran escalating attacks, proxies being active and no signs of diplomatic talks,” Ms. Bakr said. “It’s a disastrous situation when you’re looking at it from an energy security angle.”
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
www.nytimes.com
September 16, 2026 at 11:54 AM
“We have two major waterways obstructed, active attacks, Iran escalating attacks, proxies being active and no signs of diplomatic talks,” Ms. Bakr said. “It’s a disastrous situation when you’re looking at it from an energy security angle.”
Reposted by Will Jennings
Oil and gas prices fuel rise in inflation | Paul Kelso analysis
Oil and gas prices fuel rise in inflation | Paul Kelso analysis
Will we see an interest rate rise in September?
news.sky.com
September 16, 2026 at 8:28 AM
Oil and gas prices fuel rise in inflation | Paul Kelso analysis
Oil Prices Jump on Energy Supply Worries www.nytimes.com/2026/09/13/b...
Oil Prices Jump as Attacks Choke Off Saudi Energy Supply
Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
www.nytimes.com
September 16, 2026 at 7:51 AM
Oil Prices Jump on Energy Supply Worries www.nytimes.com/2026/09/13/b...
Oil Prices Jump as Attacks Choke Off Saudi Energy Supply www.nytimes.com/2026/09/13/b...
Oil Prices Jump as Attacks Choke Off Saudi Energy Supply
Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
www.nytimes.com
September 16, 2026 at 7:50 AM
Oil Prices Jump as Attacks Choke Off Saudi Energy Supply www.nytimes.com/2026/09/13/b...
by Eric Jones
I was wondering why Trump refused to defend Saudi pipelines. Now it makes sense. Cause an oil shortage just in time for elections. Keep people away from the polls.
For people thinking, what's the big deal about the 4% cut in global oil production coming next week, that's the scale of the 1973 OPEC crisis and 1979 Iran war oil crisis. Each followed by a major recession.
Prices and supply are global. And global oil stocks are already gone. It's a calamity. 1/
Prices and supply are global. And global oil stocks are already gone. It's a calamity. 1/
September 15, 2026 at 10:53 PM
I was wondering why Trump refused to defend Saudi pipelines. Now it makes sense. Cause an oil shortage just in time for elections. Keep people away from the polls.
This is going to hurt and Trump will rightfully get the blame no matter how much he whines that it's not his fault
Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions reut.rs/4gXkqra
Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions
Prices for some physical oil cargoes in Europe have jumped to more than $130 a barrel on Tuesday, approaching record highs reached in April, as buyers rush to find alternatives to Middle East supplies facing increasing disruptions from intensifying conflict in the region.
reut.rs
September 15, 2026 at 10:38 PM
This is going to hurt and Trump will rightfully get the blame no matter how much he whines that it's not his fault
Reposted by Michael D. McDonald
Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions reut.rs/4gXkqra
Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions
Prices for some physical oil cargoes in Europe have jumped to more than $130 a barrel on Tuesday, approaching record highs reached in April, as buyers rush to find alternatives to Middle East supplies facing increasing disruptions from intensifying conflict in the region.
reut.rs
September 15, 2026 at 10:30 PM
Some physical oil cargoes top $130 a barrel, nearing April's record, on Saudi disruptions reut.rs/4gXkqra
#Politics
From #Reuters: Saudi Arabia shuts down its East-West desert oil pipeline after drone attacks, oil goes above $120/barrel.
Some September-loading crude cargoes to Europe will be cancelled and oil loadings at the Red Sea port of Yanbu have been suspended.
www.reuters.com/business/ene...
From #Reuters: Saudi Arabia shuts down its East-West desert oil pipeline after drone attacks, oil goes above $120/barrel.
Some September-loading crude cargoes to Europe will be cancelled and oil loadings at the Red Sea port of Yanbu have been suspended.
www.reuters.com/business/ene...
Saudi cancels some oil cargoes after pipeline hit, top buyer chasing alternatives
Saudi Arabia has cut oil shipments to Europe after drone attacks damaged its key export pipeline to the Red Sea, trade sources told Reuters, prompting top customers such as Poland to rush to seek alt...
www.reuters.com
September 15, 2026 at 9:57 PM
#Politics
From #Reuters: Saudi Arabia shuts down its East-West desert oil pipeline after drone attacks, oil goes above $120/barrel.
Some September-loading crude cargoes to Europe will be cancelled and oil loadings at the Red Sea port of Yanbu have been suspended.
www.reuters.com/business/ene...
From #Reuters: Saudi Arabia shuts down its East-West desert oil pipeline after drone attacks, oil goes above $120/barrel.
Some September-loading crude cargoes to Europe will be cancelled and oil loadings at the Red Sea port of Yanbu have been suspended.
www.reuters.com/business/ene...
"Understanding the global drivers of inflation: How important are oil prices?" is available at Energy Economics: doi.org/10.1016/j.eneco.202...
September 15, 2026 at 9:30 PM
"Understanding the global drivers of inflation: How important are oil prices?" is available at Energy Economics: doi.org/10.1016/j.eneco.202...