Pharos' Blair Is Slightly Bearish Oil Short-Term

The video discusses the differing opinions among major oil traders regarding the direction of oil prices. It highlights the influence of seasonal changes, geopolitical factors, and supply dynamics on the oil market. The video also explores the uncertainty in market predictions, with some traders being bullish and others bearish, especially with the approaching Northern Hemisphere winter.

Which major oil traders are mentioned as being bullish about the market?

• Glencore, Gunvor, and Trafigura

• BP and Chevron

• Saudi Aramco and Total

• ExxonMobil and Shell

What seasonal factor is mentioned as influencing the oil market?

• Monsoon season in Asia

• Summer in the Southern Hemisphere

• Winter in the Northern Hemisphere

• Spring in Europe

What new supply source is mentioned as contributing to market changes?

• New oil fields in Canada

• Stability in Iraq

• Offshore drilling in Brazil

• Increased production from Russia

What is the CEO's perspective on the current oil market?

• The market is unpredictable

• The market is stable

• The market has tightened up

• The market is oversupplied

What are the contrasting views on future oil prices?

• $70 a barrel vs $50 a barrel

• $65 a barrel vs $40 a barrel

• $60 a barrel vs $45 a barrel

• $80 a barrel vs $55 a barrel