Gulf Intelligence Podcasts PODCAST: Daily Energy Markets - June 9th
Jun 9, 2025
Omar Najia, a derivatives trader at BB Energy, alongside Yuriy Humber, founder of Japan NRG Platform, delve into the oil market's future. They predict Brent crude could stabilize around $70 in H1 2025, exploring upward price potential amid geopolitical uncertainties. Discussion also covers Japan's energy demand, the implications of U.S. Treasury dynamics on global economies, and the trade negotiation challenges Japan faces with the U.S. The insights reveal a complex interplay of market forces shaping energy and economic landscapes.
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Oil Prices Defy Drops
- Oil prices resist dropping below crucial support levels despite bearish fundamentals.
- This resistance hints at possible significant short-covering and upward price movement.
OPEC+ Tests Market Supply
- OPEC+ appears to be testing how much supply the market can absorb amid demand uncertainty.
- Surplus barrels expected in H2 could weigh on prices but may not cause a collapse due to inventory support.
Japan's Economic Modesty and Energy
- Japan's economy shows modest growth with some upward revision in GDP.
- A stronger yen increases purchasing power for energy imports like LNG despite lower crude imports.