No Stopping Oil Price Shock | Rory Johnston and Jimmy Connor
Rory Johnston of Commodity Context provides an update on the energy sector and where he thinks WTI and Brent are going in the coming months.
Commodity Context https://www.commoditycontext.com/
Agenda
00:00 Intro
01:02 My Analysis of Oil Price
06:58 Market is Complacent
09:13 Russia – Ukraine Again?
15:45 China Has Stockpiled Oil
18:26 Trump Visits China
20:28 Iran and Venezuela a Bargaining Tactic?
22:04 Why Did UAE Leave OPEC?
26:57 What Happens to OPEC?
29:44 Oil and CPI
33:22 Is Carney Good For Oil?
37:00 My Target For Oil
38:12 Wrap Up
Listen on Spotify:
Listen on Apple:
https://creators.spotify.com/pod/profile/james-connor1
Follow Jimmy:
LinkedIn: https://www.linkedin.com/in/jimmyconnorofficial/
X (@jamesconnor1999): https://x.com/JamesConnor1999
X (@BloorStreetCap): https://x.com/BloorStreetCap
*For business inquires, please reach out at info@bloorstreetcapital.com
*This video/interview is not financial advice. This channel, Bloor Street Capital, is not responsible for the performance of its guests, sponsors or affiliates.
WAIVER & DISCLAIMER
If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of May 13, 2026 the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only.
37 Comments
Rory mentioned a decline in oil refining in China but he did not mention (or normalize) that China had an export ban on refined oil up until several days ago. This clearly had an effect on Chinese refining.
What a useless NPC. Afraid to call manipulation manipulation! Wasted 10 minutes of my time
Many traders will be very happy to see the end of our Bullsh!tter in Chief's term come to an end.
Trump's Green New Deal.
EV mandate and since meat takes several times more fertilizer to grow, war on meat.
Mother earth is smiling. $200/barrel oil for the midterms please.
Get ICE off our streets – drive an EV.
In summary… The dude has no idea where the price of oil is going. Flip a coin.
This makes zero sense. The industry was massively over supplied before the war and now that there is literally zero oil movement out of the middle east WTI is only at $105 and at the same time producers are ramping up production and the UAE is out of OPEC and will start massive production. Unless this lasts for another two months oil is going to drop down to $55-$60 by the fall.
All the commodity experts have been wrong.
Stock market up and up as well.
If you think there has been no direct manipulation in Brent, I suggest a very close read of the events of April 6 through April 8.
Dryden gold corp just made a big discovery.
Soem of me thinks it may be more than verbal attempts to manipulate the market but that the US is actively short.
Now, using Green Energy Resources is the next logical evolution for the human race…
"STONE AGE was gone was not because the world was running out of STONES, it's because human race found better ways…"
Now, "PLASTIC AGE is diminished because fossil fuel is over…🎉🎉🎉"
The solutions to all of this are really, really simple but most ignore or just can't accept what I am trying to articulate
The stupidity of a world allows for really simple and smart solutions if we can accept our own stupidity.
It will never end until we all take a hard look at the ROOT causes.
The electoral system needs reengineering with just a handful of simple, easy to implement improvements that no one is discussing??????
It's a Shamocracy
You need a perspective on the root causes and simple solutions
I was an elected representative in the UK for several years. I learned that we actually have a Shamocracy. Listen to my story:
"Simon Killane how to fix a dying UK/US democracies"
How can the interview think Russia have increased production, have u not seen all the attacks Ukraine do daily on Russian oil infrastructure??? More like they produce far far less now
The reason Trump's tweets have lead to a manic market reaction is because of algorithmic trading
Consumers will not be able to afford the price of gas and products shipped with diesel, in short the invisible hand will prove the premise of this video wrong.
Stop trump war
China CORRECTLY understands that ENERGY is the key to EVERYTHING!
Are you guys zionist operatives? Because citizens of USA are suffering while the zionist billionaires making billions…and the entire global economy reflecting A Different economic reality…
Fair enough. But bet on $200 oil and you’ll lose your shirt
+35 cents overnight by me.
You are one honest dude.. Thanks for all your informations CVE energy stock is a buy .
What I heard here is what I have known since the 1980s when a teenager. DT is a historically very well known liar – Con Artist and absolute idiot beyond any doubt unless you happen to be one of the dumbed down MAGA cult members. It has all been recorded since the 1970s in vivid color.
They’re going to beat oil down like they beat silver down.
Lol okay lost me at 5 minutes in. Inventories are declining faster than any time in history. Total US petroleum inventories are about 300 million barrels below prepandemic levels and dropping 2-3 million barrels per day. This is only the third week where US inventory declines have shown up due to the lag in shipping time and the lost supply is closer to 1 billion barrels as of now, not 600-700 million.
China 🇨🇳has reduced its daily consumption of oil by 5M barrels a day and that's one reason the oil markets haven't hit $200 a barrel yet ⛽ Thank you Xi Xinping!
Trudeau was a disaster is putting it lightly. Glad he’s enjoying his girlfriend’s 78 foot diesel chugging boat.
Iran wants 50 Billion in reparations, their frozen money back and sanctions ended. PERIOD
Why do they sound Scottish ?
Nonsense.
Didn't this guy say $200 oil 2 months ago???
Used to follow this guy on twitter but trying to pin him down to an actual opinion is near impossible. Not sure what he does that anyone would want to pay for, he’s basically a politician.
6 7 lol
When israel finish too destroy hesbolah USA is going to open the stright of hormuz
Always enjoy Rory's insights 🙏
Audio for the guest is perfect. Not for the host. Get an actual microphone and put it in front of your face.
The demand on oil once the straight is back open will be insane. Every nation will be trying to buy everything they can get their hands on to refill their reserves. Due to the depleted reserves the prices will remain high for a substantial period.
$20 per gallon gas.