Could oil prices sink back to glut levels?
David McAlvany, CEO and portfolio manager at McAlvany Financial Companies, joins BNN Bloomberg to discuss the post-conflict setup for non-OPEC oil producers.
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11 Comments
200$ a barrel do i hear 250$
Bro 20% of the world oil supply is gone, possibly for a year.
Forget about Hormuz or the Middle East. Nobody's gonna put all their eggs into that basket again.
prices only going higher
Why do you give any credence to what trump says? He is clearly a pathological liar. He says whatever he thinks will get the reaction he wants. He wants oil prices to drop? He says the war is over. He wants them to go up? He says the war will last years. I hate to say it, but Iran's leadership seems to be a far more reliable source than the US's.
Every country but aggressors USA/ Israel and allies going through strait fine
Iran has right to defend itself
Go Iran 🇮🇷! It was fine when they suffered under sanctions. Well, no more. Its payback time!
Did this guy just say Trump is doing a good job of something??
He must be on the Orange man’s payroll
The world lost 20% of oil production for a whole damn month now with nations using whatever is in their tankage the last few weeks. Zelensky also just bombed some Russian export infrastructure which means even less oil. If oil prices go back to glut levels, it means that the world rejects the law of supply and demand which isn't possible lol. Hope everybody is ready for $175 dollar oil!
Thank god carney lowered the import tariffs on imported Chinese electric cars.