Unless demand falls back, or some of these outages dissipate, oil prices could be heading much higher

The Saudis Won't Prevent The Next Oil Shock

By Oilprice.com -- Nick Cunningham—— Bio and Archives--June 30, 2018

Global Warming-Energy-Environment | Comments | Back To Full Article

Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according to Reuters.

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