Latest / The Competent Investor
Rory Johnston: 13 Million Barrels Per Day Missing, Why Aren’t Markets Reacting?
Tom Bodrovics welcomes Rory Johnston, a commodity market researcher specializing in oil and gas, to discuss the current state of the global energy market. Johnston highlights the unprecedented situation where OPEC+ output reached an all-time low last month, and the significant impact of the closure of the Strait of Hormuz on global oil supplies. Johnston notes that over 90 Very Large Crude Carriers (VLCCs) are headed to the US Gulf Coast to pick up crude, a situation that has gained attention, including from former President Trump. This influx of tankers is due to the Middle East being…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.