Crude oil is set to unleash the next leg of the EU crisis, writes Olivier Jakob, noting the...

|By:, SA News Editor

Crude oil is set to unleash the next leg of the EU crisis, writes Olivier Jakob, noting the price of Brent in euros has retouched its 2008 high. Swiss refiner Petroplus is on the verge of bankruptcy, Lyondell (LYB) and Repsol (REPYY.PK) are shutting plants, and Greek refiners are gasping for breath. What will they do when their Iranian supplies are cut off?