Saudi Arabia sees a spike to $180 oil if energy shock persists past April
WSJ.COM
$180 oil
SUMMARY

Saudi oil officials are privately alarmed that crude prices could surge past $180 a barrel if the Iran war and resulting supply disruptions continue into late April.

The base-case projection inside the Kingdom’s energy establishment sees Brent futures climbing well beyond current levels, with Gulf Oman crude already exceeding $166 a barrel in volatile trading. Physical Saudi Arabian light crude is selling to Asian buyers at around $125 a barrel through the Red Sea port, but officials expect shortages to tighten further next week, pushing prices toward $138 to $140.

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