AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Macro Voices
MacroVoices #424 Rory Johnston: Crude Oil Update: Fundamentals, Geopolitical Risks, and SPR
Apr 18, 2024
Commodity Context Founder Rory Johnston discusses crude oil fundamentals, geopolitical risks, and the Strategic Petroleum Reserve. Topics include Saudi Arabia's oil production stance, US-Israel-Iran dynamics, Ukraine-Russia conflicts, market analysis predictions, financial indicators like the US Dollar and gold prices.
01:04:46
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Crude oil market sees tightening from declining inventories and cautious stance due to speculation-driven prices.
- OPEC's substantial production cuts support high prices at $90 per barrel or above, balancing market dynamics and spare capacity.
Deep dives
Market Dynamics and Bullish Outlook for Crude Oil
Despite the bullish first half of the year with crude oil prices rising, the market has witnessed a tightening due to declines in inventories. Factors like improved demand outlook and expectation of OPEC maintaining cuts to defend higher prices have further tightened the market. However, there is a cautious stance as the market is seen as fundamentally supported but driven by speculation. The risk of a sudden pullback in prices remains as speculative trading may lead to profit-taking.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode