Energy - Oil Surges on Saudi Energy Facility Attack, Russia-Ukraine War | Bloomberg Markets and Finance

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21 March 2022

Oil surged for a third day amid attacks by Iranian-backed rebels on energy facilities in Saudi Arabia and no sign of an end to Russia's invasion of Ukraine. Dani Burger reports on Bloomberg Television.

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GENEVA —  UN News Russian attacks on  civilian targets in Ukraine could be a war crime: UN rights office

Saudi Arabia is China's top crude supplier again as Russian oil falls 9% https://t.co/s71GD5covI pic.twitter.com/GnwRAHguQJ

— Reuters (@Reuters) March 21, 2022

American frackers are raising the number of drilling rigs in oil fields by more than 20%, but don’t expect a similarly sized increase in production https://t.co/r1NL2WAPfd

— The Wall Street Journal (@WSJ) March 21, 2022

Russia and Ukraine account for 30% of the world’s wheat exports, 17% of corn, 32% of barley & 75% of sunflower seed oil. Russia also exports about 15% of the world's fertilizer.

Now all of that food and fertilizer are stuck.

My story on a looming crisis:https://t.co/mIuWPkqDD9

— Jack Nicas (@jacknicas) March 20, 2022