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Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow. Oil futures have been totally disconnected from reality, but a reckoning is imminent. “Over the coming months, this is going to unfortunately deteriorate badly."
RD · r/energy 📍 GLOBAL 22h ago

Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow. Oil futures have been totally disconnected from reality, but a reckoning is imminent. “Over the coming months, this is going to unfortunately deteriorate badly."

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