Oil markets are steadily getting more complex. I spoke with the New York Post and unpacked some of what’s happening.
Now that I write this, “complex” may not be the right word.
There are more moving parts today that are driving oil markets than what we’ve seen in the past.
More moving parts can bring more complexity, but not necessarily.
The turbulence we see today is a combination of growing geopolitical pressure and increasing interdependence across the global energy and industrial landscape.
I took some time last week to chat with the New York Post about some of the more salient current events in US oil markets:
➔ Analysts are expecting a multibillion dollar Q2 profit windfall for the industry on the back of Middle East disruptions
➔ US oil production set another record in 2025, but it remains a story about technology and efficiency, not raw activity
➔ US E&Ps continue to embrace capital discipline, even when oil prices spiked above $90 per barrel, reflecting their commitment to stronger balance sheets and protecting shareholder returns
➔ President Trump’s threats to investigate price gouging by oil companies are largely meant to demonstrate to the public his administration is aware of, and taking against, elevated gasoline prices
As I’m fond of saying, oil markets are never boring.
Sometimes we have to zoom out and reorient ourselves before diving back in to the day-to-day headlines.
This chat with the New York Post was my way of doing exactly that.
