This Is the Biggest Oil Disruption in History

This is the biggest oil disruption in history

A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years.

Warnings of 'biggest energy crisis' in modern history as oil hits $100

Global economies are facing warnings over what could the “biggest energy crisis” in modern history after the price of oil breached the $100 mark for the first time since the energy crisis in 2022. Brent crude, the international benchmark for oil, surged over 25 per cent to highs of $118 per barrel as the week’s trading began in Asia – marking the commodity’s biggest one-day gain in six years. Analysts had warned at the end of last week the commo…