Dubai crude jumps past $150 as buyers scramble, Rory Johnston notes

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Mikhail Vnuchkov

16.03.2026

Dubai crude jumps past $150 as buyers scramble, Rory Johnston notes — Dubai crude surpasses $150 per barrel

Platts Dubai crude for balance of the month has broken above $150 per barrel, according to Rory Johnston. This marks a significant move driven by an extreme scramble for Middle Eastern physical oil barrels.

Johnston highlights ongoing tightness and growing demand pressures within the market as strong competition pushes prices higher.

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The pronounced surge in Platts Dubai crude prices underscores persistent supply vulnerabilities that Rory Johnston has previously identified, including the potential for oil price disruption risk if strategic passages like the Strait were compromised. Recent trends are further contextualized by Johnston’s coverage of U.S. crude oil production declines, which have played a role in tightening global balances amid heightened demand.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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