Saudi Arabia’s Oil Squeeze Rekindles Talk of $100
The IEA sees a ‘significant supply shortfall’ while OPEC forecasts next quarter’s inventory drawdown will be the biggest in more than a decade.
Pipes feed oil onto a tanker near Saudi Aramco's Ras Tanura refinery.
Photographer: Simon Dawson/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, OPEC Reporter Grant Smith writes about the supply constraints driving oil prices higher. To get this newsletter sent straight to your inbox, you can sign up here.
The prospect of oil at $100 a barrel is back on the radar.