Welcome to “10 Minutes About” from Global Risk Management. Chief Analyst Arne Lohmann Rasmussen and PA Arma Selimovic discuss current developments in the oil market and what’s shaping price movements.
They explore whether 70 dollars is becoming the new normal, as demand concerns from 2024 remain and the focus in 2025 shifts to supply. OPEC’s plan to gradually reintroduce oil starting April 1st is also discussed, alongside internal challenges in enforcing production quotas among member countries.
Arne highlights key geopolitical factors, including sanctions on Iran, Venezuela, and Russia. He explains how these measures, particularly on heavy crude from Venezuela and Iranian exports, are influencing supply dynamics and price trends.
Finally, they touch on U.S. production outlooks, the limits of a “Drill baby, drill” approach at current price levels, and the recent return of speculators to the market.
