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Europe's "Less" Is Doing More Than Anyone Gives It Credit For

Brent is sitting a touch above $104 this morning, down slightly from yesterday's surge. The Strait of Hormuz, which used to move something like a fifth of the world's oil and LNG before the war, has been effectively shut since March. Saudi output dropped around 1.9 million barrels a day in August, tanker rates are breaking records, and the EIA doesn't see Middle East production back near pre-conflict levels until the second quarter of 2027. Meanwhile, the European Union imports 57 percent of the energy it consumes and spent €340 billion on…

OilPrice.comOilPrice.comMichael Kern11 Sept

Saudi Arabia’s Critical Oil Bypass Comes Under Threat

Houthi strikes threaten Saudi oil exports as Brent hits $105 and Middle Eastern crude soars to $120. Friday, September 11, 2026 Houthi strikes on Saudi Arabia’s oil infrastructure have alerted the oil markets to the possibility of seeing even less Middle Eastern supply than before, with potential damage to the East-West pipeline jeopardizing 3-4 million b/d of Saudi crude exports. Whilst the meeting of Gulf foreign ministers over the weekend has poured some cold water on runaway crude prices, ICE Brent at $105 per barrel (and available Middle…

OilPrice.comOilPrice.comTom Kool11 Sept

Bitcoin traders bet borrowed money on a rally as oil surges ahead of Friday’s inflation test

Bitcoin is holding above $78,000 as Brent crude breached $100 and rising Treasury yields revived inflation fears. Data from CryptoSlate showed the flagship cryptocurrency trading around $78,451 at press time, with little sign of the pressure spreading across bond and energy markets after an escalation in the Middle East pushed Brent above the threshold for […]

CryptoSlateCryptoSlateOluwapelumi Adejumo9 Sept