‘We need to talk about Donald’ – The elephant in crude oil’s uncertain world: Russell

Financial Post | Sep 11, 2019 at 5:56 AM
  • Speaker after speaker at this week’s Asia Pacific Petroleum Conference (APPEC) highlighted the challenges to the crude oil industry, from supply issues around Iran and Venezuela to the mounting risk of global economic slowdown amid ongoing and escalating trade disputes.
  • This is despite most bottom-up analysis of the crude market based on supply and demand fundamentals pointing to higher prices, at least for the rest of 2019.
  • Allowing Iranian and Venezuelan barrels back on the market is bearish for prices; reaching a trade deal with China is bullish.