The perfrect storm in oil caught markets off guard

OilPrice.com/Irina Slav/6-18-2022

etching showing a rider fleeing the storm

“These seem to be all the necessary ingredients for a perfect oil storm, spiced up with the latest massive oil field outage in Libya. Things are, indeed, worse than pretty much everyone expected, and, what is perhaps more worrying, they will remain so for a while yet because there is no quick fix on the table.”

USAGOLD note: Irina Slav offers an essential overview on the current state of the oil market. In her view, the perfect storm now enveloping supply is not likely to let up anytime soon.

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