economy
April 7, 2026
Catastrophic oil shortage inevitable
"For the first time in history, Saudi Arabia is charging a $20 per barrel premium over the already sky-high benchmark for its oil," Kirill Dmitriev said
TL;DR
- RDIF CEO Kirill Dmitriev predicts an imminent catastrophic oil shortage.
- Saudi Arabia is charging a $20 per barrel premium over the benchmark for its oil.
- Saudi Aramco raised prices for May crude deliveries to Asia to a record high.
- The premium is $19.5 per barrel above the regional benchmark for Saudi oil.
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