About this episode

The episode discusses oil market volatility and its implications for investors and companies following recent events in Las Vegas and Vienna.

WATCH the video on Substack by clicking the play button above or on YouTube ( here ). STREAM audio only on Apple Podcasts ( here ), Spotify ( here ), or your favorite podcast player app. DOWNLOAD a pdf of a moderately edited transcript and the slide deck using the blue Download buttons below. A few oil macro oriented thoughts today following an interesting week that started at a fuels distribution conference in Las Vegas just prior to last weekend and ended in Vienna on Monday at the OPEC Secretariat where I moderated one of two non-OPEC supply outlook panels as part of OPEC’s 19th Annual Technical Meeting of OPEC and Non-OPEC Countries. Our key message today is that the promise of the Strait of Hormuz re-opening following the ceasefire that was announced just about two months ago is giving way to an entrenched stalemate that suggests company executives and investors should brace for both the opportunity and turmoil that comes from big jumps in oil prices but also the inevitable pullbacks that follow as supply/demand clears. We expect that process of super volatility to be a repeatable feature of the current era. While high volatility is often thought of as depressing equity…

People in this episode

Host: Arjun Murti

Topics covered

• oil macro
• volatility
• investing
• OPEC
• supply and demand
• capital spending

Keywords

• oil prices
• volatility
• OPEC
• investing
• supply outlook
• capital spending
• Strait of Hormuz

Mentioned in this episode

Organizations: OPEC, ZeroHedge

Places: Las Vegas, Vienna, Strait of Hormuz

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