Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Physical oil hits new record high near $150 as Hormuz crisis worsens

Featured Replies

  • Physical Forties crude hits record $148.87 a barrel, LSEG data shows

  • Supply disruptions seen persisting despite ceasefire

  • Repsol CEO says physical transactions are under a lot of strain

  • Jet fuel price near a record in Europe amid supply crunch worries

https://www.reuters.com/business/energy/physical-oil-europe-hits-record-high-near-150-barrel-hormuz-crisis-worsens-2026-04-13/

LSEG stands for the London Stock Exchange

On 4/14/2026 at 5:43 AM, Alan Zweibel said:
  • Physical Forties crude hits record $148.87 a barrel, LSEG data shows

  • Supply disruptions seen persisting despite ceasefire

  • Repsol CEO says physical transactions are under a lot of strain

  • Jet fuel price near a record in Europe amid supply crunch worries

https://www.reuters.com/business/energy/physical-oil-europe-hits-record-high-near-150-barrel-hormuz-crisis-worsens-2026-04-13/

LSEG stands for the London Stock Exchange

In plain English that means: If the oil-flow from the ME doesn't start flowing again soon, the near term futures will adjust upwards to "physical crude".

  • Author
  • Popular Post
14 minutes ago, swissie said:

In plain English that means: If the oil-flow from the ME doesn't start flowing again soon, the near term futures will adjust upwards to "physical crude".

I don't know. The futures traders can continue to be optimistic. It doesn't matter nearly as much for the real economy which depends on physical oil, not paper oil.

1 hour ago, Alan Zweibel said:

I don't know. The futures traders can continue to be optimistic. It doesn't matter nearly as much for the real economy which depends on physical oil, not paper oil.

Clearly: As of today: The paper oil traders think that "everything is going to be allright". Time will tell. Ruthlessly.

The gap between supply and global physical oil demand is being met by releasing oil from national stockpiles.

These stock piles are depleting, if the blockade continues stockpiles will run out.

At that point the only near term fix is for global oil demand to fall; price will regulate demand and that combined with the shortfall in physical oil will collapse economies.

Don’t post videos but for those interests Max @ UNFTR has done a very good experimentation of this issue.

Traders don't trade in oil. They trade in fear, greed, misery, angst, and stupidity.

Nobody wants to be the guy that places a bid of $150 at 90 days to reflect today's physical price when the bid/offer is currently around $100 and could easily be $80 at maturity. The margin calls alone would be horrific.

Of course, the muppet that does bid $150 and paper and physical go north of $200 will be seen as a genius. coffee1

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.