AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Oil Market Update Report & Live Q&A | Rory Johnston
Hidden Forces
Oil Demand
Backgradation, or premium of prompt prices, which means the curve is downward sloping intothe future, is a bullish sign eause it reflects tightness in spot markets. We're still in a backwardated market, although not nearly as backwarda as we were at the beginning of june. Inventories remain very, very low on a global basis. Their back down to around that kind of 20, ten to 20 foureen period when prices were very high, kind of, you know, structurely above a hundred dollars a barrel. The other thing we haven't talked of, to a certain degree, is the effect of the strategic petroleum reserve,. which has added additional kind of
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode