About this episode

Jeff Currie discusses the complexities of modern oil markets and the factors influencing commodity investing.

Jeff Currie joins Rory Johnston on the Oil Ground Up Podcast for a wide-ranging conversation on commodity price discovery, the changing structure of energy markets, and why today's geopolitical environment is unlike anything investors have faced in decades. Together they examine the aftermath of the Strait of Hormuz crisis, the disconnect between crude oil and refined product markets, and why volatility—not price direction—has become the defining feature of modern commodity investing. Jeff also shares his long-term outlook on deglobalization, energy security, electrification, and the structural forces he believes will continue to reshape global commodity markets for years to come. It's an insightful discussion that blends macroeconomics, market structure, and real-world trading experience to explain what comes next for oil and commodities.

More episodes of Oil Ground Up

• The Fragile Peace Reshaping Global Oil Markets · July 9, 2026 · 58 min
• Why Oil Tankers Still Are Not Returning to the Strait of Hormuz · June 22, 2026 · 48 min

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