From the Economist's Chair - Oil in Focus Episode 1
Argus Chief Economist David Fyfe explores why the oil complex has weakened since mid May, despite limited progress on reopening the Hormuz strait.
In episode one of “Oil in Focus” podcast series David notes a weakening oil complex since mid-May, despite scant progress in re-opening the Hormuz Strait. He suggests that Iran may struggle for widespread acceptance of proposed transit fees, leaving commodity flows minimal. But there’s evidence that demand restraint and stock draws for now are capping price rises.
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