You’re probably just looking at refineries with supply chain problems paying that much.

The index’s set prices to match demand. Demand has already gone down, no possible way demand is same at $95 at it was at $60 when this started.

Everyone keeps quoting demand at $60 then calculating how much demand is being chocked off in the straight. When it went to $90+ demand fell off.

Asia and Europe will have supply chain issues and shocking figures will come out to scare everyone.

We all survived the great toilet paper shortage, I am sure there is an invoice somewhere of a shocking price on toilet paper for aircraft.

There is no point in quoting peak pricing in Asia without quoting what to average it into like Cheveron’s base cost per barrel in Venezuela.

The worlds oil is in the ground and on one knows what it’s worth until it gets to market. A few supply chain disruptions don’t elevate the value of all oil in the ground dollar for dollar.