Houthi strikes are threatening Saudi oil infrastructure, with Brent crude trading near $108, the Brent-WTI spread widening to $5, and Asian LNG (JKM) prices rising above $30 per MMBtu amid tanker attacks and a weak European winter outlook.
The attacks raise the threat of a Gulf oil-supply disruption and are pushing Asian LNG prices higher as Europe's weak winter demand outlook shifts buying toward Asia. A credible threat to Saudi oil infrastructure tends to support Brent through a higher geopolitical risk premium, while elevated JKM prices point to tighter Asian LNG supply expectations.
Jin10·10/20, 10:15 AM
Low impact