Gulf Intelligence Podcasts PODCAST: Daily Energy Markets - May 28th
May 28, 2025
David Wech, Chief Economist at Vortexa; Robin Mills, CEO of Qamar Energy; and Jamie Ingram, Managing Editor at the Middle East Economic Survey, discuss key shifts in the oil market as OPEC+ meets. They delve into how the U.S. credit rating downgrade could impact global oil markets and the effects of Trump’s economic policies. The trio also explores de-dollarization trends, geopolitical tensions influencing oil exports, and China’s growing role in global oil demand. Their insights shed light on market dynamics that could reshape the energy landscape.
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Oil Market Stuck at Mid-$60s
- The oil market remains in a mid-$60s range with limited movement lately.
- Data shows declining oil deliveries at sea, reflecting demand softness but not a sharp collapse yet.
Dollar's Global Role Under Pressure
- The US dollar's global dominance is slowly eroding, driven by geopolitical shifts and economic factors.
- Trump's policies could accelerate this de-dollarization, but a sudden collapse of the dollar's role is uncertain.
Bond Market Risks Impact Oil
- The US bond market signals significant economic risk connected to current fiscal policies.
- A potential bond crisis could lead to an economic downturn affecting oil demand and prices.