Why is oil still trading under USD 100/bbl?

It is over a year since Hamas attacked Israel, which triggered a wider conflict in the Middle East; the territory that produces around a third of the world’s oil. And much of its gas. 

Yet, despite the escalating military attacks and rising geopolitical tensions, the price of oil has not increased as significantly as some experts assumed, especially when compared to Russia’s invasion of Ukraine two years ago.

Why? In this episode, Richard speaks to geopolitics expert and co-founder of global data and intelligence firm, Energy Aspects, about what this tells us about the oil market, and what it suggests about our assumptions on the impact of geopolitical events vs the reality on the ground.   
 

Host: Richard Sverrisson - Editor-in-Chief, Montel
Guests: Richard Bronze – Co-Founder, Energy Aspects; Luke Roshan – Correspondent, Montel News

Editor: Bled Maliqi