Tune in to this special edition of the Sharesify podcast with guest Salih Yilmaz, Senior Oil Analyst at Bloomberg Intelliegnce. Salih discusses the outlook for energy prices and why the Strait of Hormuz remains a key part of the equation.
The conversation covers output, inventories, the potential for ‘demand destruction’ and the role of OPEC. The key takeaway for investors is oil prices are unlikely to return to their pre-Iran conflict levels.
For a variety of reasons, including an embedded ‘Hormuz premium’, prices are likely to establish a new, higher floor. Meanwhile, if inventories hit ‘tank bottom’, then prices could easily head back above $100 per barrel.
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