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ReportedShipping, energy & marketsLondon, United Kingdom

Physical crude tops $130 in Europe as Saudi Arabia cancels Yanbu cargoes

Mountain Time
Local time
9:30 PM in London
Where
London, United Kingdom

Some physical crude cargoes in Europe topped $130 a barrel and North Sea Forties rose to $136.75, near April's record, after Saudi Arabia suspended late-September shipments to European buyers because of the Yanbu loading halt, Reuters reported. Brent futures were about $107 earlier in the day.

Why it matters

The gap between physical and futures prices shows the pipeline outage is creating real shortages for refiners, not just a paper risk premium.

Sources (4)

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels

Correction

  • Corrected the time from 7:30 PM UTC time, Sep 15, 2026 to 9:30 PM London time, Sep 15, 2026; corrected the headline (it read "Crude oil holds above $100 as Saudi pipeline outage compounds Hormuz disruption"); revised the summary; revised the context note; corrected the location from Strait of Hormuz / Saudi Arabia to London, United Kingdom; updated the sourcing note; added 2 sources: Al Jazeera live blog. Why and evidence