Trump To Address UN As Europe’s Energy Prices Jump On Saudi Oil Export Disruptions
Europe’s energy prices jump ahead of Trump’s UN address, with Saudi oil export cuts tightening supply, lifting Brent, and pressuring inflation.
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Oil is trading higher amid catalysts including OPEC's monthly crude report indicating that Saudi Arabia's production fell to 6.238 million barrels per day in August from 9.298 million barrels per day in Q1 2026. Also, reports suggest that President Trump's senior advisers met to discuss the prospect that the conflict with Iran may continue for the remainder of his term in office, meaning crude transportation may remain limited.
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https://x.com/briana_reilly/status/2100994871666286984