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Oil | Shipping

Saudi shut-in after attacks, and an exploding scrubber: just another week in oil

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Suez Canal

Shipping | Marine Fuels

Platts Bunkerworld

Oil | Crude Oil | Coronavirus | Energy Transition | Macroeconomics

37th Asia Pacific Petroleum (APPEC 2021)

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US hikes climate targets; cites international, market momentum in face of policy divide

Oil

Fuel for Thought: Energy security omens returning to haunt oil market

Listen: Saudi shut-in after attacks, and an exploding scrubber: just another week in oil

As the oil market players digested the insights from the annual APPEC meeting in Singapore, an explosive attack on critical oil infrastructure in Saudi Arabia shut in over 5% of global oil supply.

Joel Hanley discusses with Eklavya Gupte and Jonty Rushforth this huge shut-in of crude oil, with prices climbing 20%, and the impact of the attacks felt globally. As well as the Saudi outage, the team discuss Abu Dhabi's efforts to start a new crude futures contract, and an exploding scrubber that might leave some shippers regretting their investment.

Also included in this edition, Platts fuel experts Tamara Sleiman and Patrick Burns talk about how the US oil industry is readying itself for IMO 2020.