Oil insights with Harry Tchilinguirian | Geopolitics Strikes Back | S1 E7

For a special episode of Oil Insights, Harry Tchilinguirian, Head of Research at Onyx Capital Group, is joined by Paul Horsnell, Managing Director and Head of Commodity Research at Standard Chartered. Paul is a veteran of oil market analysis, and his views are widely sought-after when it comes to gaining insights into the turbulent world of oil market dynamics. Paul previously occupied similar functions at Barclays, JP Morgan, and the Oxford Institute for Energy Studies.

This episode of Oil Insights focuses on the recent escalation of geopolitical tensions in the Middle East following Iranian strikes on Israel on 1 October and why this time, it is different. Harry and Paul explore how these developments have shifted market attention away from oil fundamentals, notably from oil demand growth views this year and next. The episode further explores what options are available to OPEC+ when plotting their next move regarding supply policy and returning barrels to market. Within non-OPEC+ countries, we discuss US oil supply and growth prospects for US shale as the sector has seen a considerable transformation since the days of ‘drill, baby drill’.

We would be remiss if we did not discuss where oil prices are headed in the current volatile environment, so we also peer into the crystal ball to see where Brent might be headed next.