In this interview given to Ben Thompson from BBC World News, Dr. Carole Nakhle, CEO of Crystol Energy, delves into the recent upheavals in the Middle East and their implications on global oil markets.
Key takeaways:
– A new turbulent chapter has emerged in the Middle East with significant global repercussions the world over.
– Oil prices only recently began responding to geopolitical events in the region, but suggesting market complacency is not accurate.
– Despite increased geopolitical tensions, no fundamental shifts have altered existing market trends.
– The tensions in the Middle East have heightened geopolitical risk, raising fears of potential supply disruptions, though quantifying the exact risk premium remains challenging.
– Current oil prices reflect a market that is concerned but not spooked, as the fundamentals of supply and demand remain resilient despite instability in the world’s primary oil-exporting region.
Related Analysis
“Oil markets: Relative stability amid geopolitical strife“, Dr Carole Nakhle, Feb 2024
Related Comments
“Reasons for the decline in oil prices“, Dr Carole Nakhle, Aug 2024
“Growth outside OPEC+ robust“, Dr Carole Nakhle, Jul 2024
