In today’s Daily Energy Markets Podcast, Janiv Shah (Rystad Energy) said bearish oil fundamentals persist amid oversupply and weak demand, though refining margins remain firm and geopolitics could lend support. Arne Rasmussen (Global Risk Management) noted 200m barrels of oil at sea indicating overproduction, with $60 a likely price floor. Yuriy Humber (Japan NRG) discussed Japan’s new prime minister, her diplomatic balancing with the U.S., and early economic measures like cutting fuel taxes to ease living costs and sustain market confidence.
