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18 October 2024 China | Commodities | Monetary Policy & Inflation | US

Ep. 238: Rory Johnston on Oil to $65, Middle East Risks and Trump Agenda

Bilal Hafeez

Rory Johnston is a Toronto-based oil market researcher, the founder of Commodity Context, a lecturer at the University of Toronto’s Munk School of Global Affairs and Public Policy, as well as a Fellow with both the Canadian Global Affairs Institute and the Payne Institute for Public Policy at the Colorado School of Mines. Prior to founding Commodity Context, Rory led commodity economics research at Scotiabank. In this podcast we discuss:

The oil story of 2024 so far
What’s driving oil markets
Saudi supply
Other OPEC+ supply
The Guyana story and other non-OPEC
Why US production is high; latest on SPR
Weak China demand
Oil price outlook
Middle East risks
Trump and oil
Books mentioned: The Prize (Yergin), Superforecasting (Tetlock, Gardner), The King of Oil: The Secret Lives of Marc Rich (Ammann), The World for Sale (Blas, Farchy), Dead in the Water (Campbell, Chellel)

You can follow Rory on X and his Substack.

Make sure to subscribe to the show on Apple, Spotify, YouTube, or wherever you go for your podcasts. You can follow us on Twitter and LinkedIn.

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)

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