Loss of Iranian Oil Reduces Spare Capacity Cushion, Says Sanford C. Bernstein’s Beveridge

The video discusses recent inventory reports showing strong builds and their impact on oil prices. It highlights the driving season's effect on crude runs and potential supply disruptions from OPEC due to Iranian sanctions. Saudi Arabia's production capacity is examined as a replacement for Iranian oil, while Asian importers face pressure to shift away from Iranian barrels. The video also explores methods to circumvent sanctions, such as round tripping, and the challenges faced by major oil players in complying with U.S. sanctions.

What methods might be used to circumvent U.S. sanctions on Iranian oil?

What is the expected impact of Iranian sanctions on global oil exports?