Gulf Intelligence Podcasts PODCAST: Daily Energy Markets - May 26th
May 26, 2025
Adi Imsirovic, an oil market expert, Omar Najia, a savvy derivatives trader, and Clyde Russell, an Asia commodities columnist, share fascinating insights on current oil dynamics. They discuss China’s modest oil demand increase and OPEC’s potential supply hikes. The trio delves into geopolitical tensions, especially involving Iran, impacting global oil prices. Listeners gain valuable perspectives on fluctuating market conditions and the implications of economic policies on energy strategies, making it a must-listen for energy enthusiasts.
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Asian Oil Demand Weakness
- Asian oil demand is steady but not growing despite recent price drops.
- Lower prices haven’t stimulated demand, signaling weak underlying strength in Asia.
Oil Price Needs Lower Set Point
- Oil needs to drop well below current levels to signal a bottom.
- A lower set point would trigger renewed buying interest and a rebound in prices.
OPEC Supply and Crude Imbalance
- OPEC must supply more oil or face replacement by others.
- Imbalanced sweet and sour crude availability has pressured markets, with sour grades entering the Dubai benchmark.