Why Oil Prices Crashed Back to $70

Simple. Cycles.

Narrative is irrelevant

Retail fuel supply…oligopolistic market structure…but, this is once again supply and demand…

My local esso is still charging 1.60 a litre for unleaded . Apparently proce gouging doesnt exist 😂😂 it should be 1.30 max at pre war levels

Sorry to say but this podcast only gave half the story...the SPR Reserves in the USA which have been drawn down at a historically fast rate and now sits at around 325 Million Barrels which is starting to get dangerously low which suggests far from the narrative being presented that Oil is not as important than the 1970s is the fact that Oil may be more important than ever as it now has uses which were not as important in the 1970s ...As for Hormuz only around one third of the shipping is getting through....The fall in the futures price of Oil is to a large extent caused by Algorithms that react to the headlines ( Remember Trump constantly repeating the war will soon be over ) but they do not react to the overall fundamentals... .This is far from over ...The World had the equivalent of a savings account at the start of the War in Oil ( unlike the 70s ) but this is being burned up at quite a fast rate and the true picture will be known by around September/ October...Yet another thing to think about is to take a look at the crack spread on the Refined Products which cannot be so easily manipulated...That is why Trump is annoyed the cost off Diesel has not come down and this eventually is what feeds into the inflation figures....The idea that Andy Burnham may have avoided this crisis is too premature to say on this video at the moment..🤔

This is very good news❤

Thank you, China🫡🙌🏻

Demand destruction 😂

Oil prices often move sharply on shifts in demand expectations, inventory data, and geopolitical risk premiums. A pullback like this can reflect changing growth forecasts as much as actual supply changes. The key question is whether this is a temporary correction or the start of a broader re-pricing in the energy market. Generally this year's market has been challenging, and trying to predict every move only made trading more difficult for me. Learning Thomas Reo's structured day trading methodology has helped me focus on patience, discipline, and following a clear plan instead of reacting emotionally.

Cars built with the ICE are a huge problem, other factors play a role in fossil fuel consumption. Renewables and nuclear also reduce need for fossil fuels for so many uses. Heating, and power generation being colossal. We can't just keep wrapping our thinking around only or primarily cars. But do the governments of the world understand or care?

“Green” energy is fake energy.

Just came straight to comments to get my daily dose of know it alls 🤣

to confusing quit changing all the time imposible to read them. You know what you are going to say. Who is your audience? not me confused. 1:03 min

GDP correlates with energy consumption....

Point is .. if reserves are now being used by large countries...that can only last so long unless consumption comes down

It is bad all sources all storage all refineries works well
Minimum sanction enough after Covid

Trump, getting ready to make next trillion, capitalism, neo variety, utterly manipulatable by the already obscenely rich. Economists, frauds, always wrong, hindsight is their forte.

But its still 54 pence eper liter when it was 34 before.

Thank you for providing an excellent explanation of what is going on. I couldn't understand why the price of oil and fuel had dropped from its recent highs. Thankfully!

Canada is not increasing world supply. Neither is Ghana. Venezuela's oil is not profitable to extract at prices below $85/barrel or so. CAPEX for the industry has been down $1 billion a day for several years. Instead the companies have done share buybacks and increased dividends. Below a certain price ($58-60?) . . there is no money in new drilling/exploration/pumping. Oil/Gas will get gradually more expensive and less prevalent as no new CAPEX is spent at these prices.

The only possible explanation is marketing manipulation

No mention of SPR and commercial crude inventories being depleted to control the price of oil? No mention of obvious manipulation of the futures and oil etfs? No mention of china reducing imports to help balance the supply right now? No mention of oil infrastructures destroyed and time it takes to restore them? No mention of shipping companies reluctant to go back into the strait with the possibility of being stuck again?

This is why you ahve a reserve and normally don't run it all dry. Like EUrope did 2022 due to the Ukraine war (gas reserves not high and then a cut of from a main supplier in Russia overnight).

The Chinese 🇨🇳 12million EVs every year and now electrified trucks 😮😅😅

This is a much better analysis than anything that I have ever seen or read from any source ! You have really made a great presentation that should be much more widely seen as an explainer to counteract normal newspaper needs for drama. Thanks

I agree, we have reached peak oil thankfully. Countries like Russia will need to find a new way to pay the bills.

Why is it called the Iran war? It was a cowardly attack by Israel and the US while negotiations were already underway the UK households who are suffering need to know where to direct their anger. It isn’t Iran.

At 7.54, we get to see the real impact of US foreign policy affecting UK households.
We can thank our American 'friends' for our higher living costs.

I think you were happy to peddle a hysterically doom and gloom reading, in your videos, of that conflict as it was unfolding. Now you're flip flopping back to an opposite narrative. Oil prices "crashing" now? They are reverting to normal levels.

An observation.
If you are going to show us a graph, leave it on the screen for longer.
We don't need to see you, speaking.

President Trump did a great job of accelerating the move to green tech

Charging a Truck in a matter of minutes 😂

As an IFA & mortgage adviser I really do rely on your amazing videos 👏

I've just opened a position in harbour energy and you post this , makes me annoyed

Maybe leave it to the energy experts. This is not college. Doing a PowerPoint presentation with with a few graphs explains little. Besides, Persian Gulf crude is $110-120 a barrel and it is all heading to Asia for refining. Supply is the impending issue once the USA exhausts it reserves and China starts importing crude in volume again. Both are likely. The latter because China now realises Trump's MOU is a sham to create a pause for the US midterm elections.

China dug quite deep into their strategic reserves. Those reserves were massive though because they were preparing for a global cutoff of oil imports if they invaded Taiwan.

You were one of these so called experts who also said oil was going to skyrocket. You have lost all credibility.