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Episode 95: Risk-off and short-term solvers, but it won't last.
Neil Crosby and June Goh cut through the noise on US-Iran deal speculation, unpacking why flat price is off, what 7 million bpd of Chinese crude imports means for diesel east-west dynamics, and why Sing FOGO holds up when bunker demand proves more inelastic than diesel.
00:00 – Hormuz risk and deal pricing Why the market is pricing an imminent deal, and why the evidence points the other way.
03:03 – China's crude import collapse May imports potentially at 7 million bpd — what that means for Asian balances and global supply.
09:32 – Dubai window and physical crude Dubai in the doldrums with…
The skinny
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