Peak Oil Uncertainty: Crude’s Record-setting Jump Roils Global Markets—and the Worst May Be Yet to Come [Fortune]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Fortune
Pinterest Crude oil prices soared and markets fell on Monday, and now there’s talk of what seemed impossible just last week—oil prices topping $75 a barrel. Nobody knows for sure how bad the prospect of suddenly expensive crude could get for a global economy that was already sputtering. That’s the upshot from this weekend’s drone attack on Abqaiq “The world is not even close to being able to replace more than 5 million bpd day of Saudi Arabian exports,” Bjørnar Tonhaugen, head of oil market research at Rystad , told Rystad had calculated on Sunday that crude prices would spike as much as $10 a barrel—and sure enough, at one point, it did—as the world awaits how quickly Saudi Aramco can get back to full production. It’s this waiting game that’s unnerving markets. At the start of the trading day in Asia, crude prices soared by an unprecedented clip, up nearly 20% at one point, before coming back down to earth. Brent crude topped $65 per barrel, its highest level in two months. Some ana
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RYAAY
Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 4/22/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/9/24 - Form SC
- RYAAY's page on the SEC website