Brent returns to $100/bbl, with 25% of global oil output now impacted by war – Chemicals and the Economy - ICIS
Brent returns to $100/bbl, with 25% of global oil output now impacted by war – Chemicals and the Economy - ICIS
Source: ICIS
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DW NOTE
Twenty-five percent of global supply disrupted is not a risk premium — it's a structural shortage. The market priced Brent at $96 last week; now it's crossed the psychological $100 threshold because buyers have run out of alternative barrels. When a quarter of the world's oil is coming from conflict zones, the question isn't whether prices stay elevated, it's whether $100 holds or becomes the floor.