Detailed view for this entity.
“We modeled US supply as a function of price... what we concluded is there will be a lot of supply. The supply will be heating market in the second half of 2025, and there will be a $60 handle in the Brent by the end of that year.”
“The first time ever in the written history of the Strait of Hormuz, the traffic through the strait is halted. It's not shut. The street is still open, but the boats are nervous. Insurance companies stopped insuring the boats, and so all of them are stuck on both sides of the mouth of this very, very narrow strait.”
“The way to think about that is one million barrel per day equals $4 in the price this year. So, you just multiply 16x4, plus you add it to the fair value, which at this point it's for me even hard to calculate. So, the number way coming up was it's $100 to $120.”
“It feels like, Natasha, the relationship here between oil and the dollar is structurally changing as the US goes from net oil importer to exporter. And I know you and your team have done some work on that.”