Oil Analyst Sen Says Price Has Zero Geopolitical Risk Premium

The transcript discusses the immediate impact of geopolitical tensions on oil prices, highlighting the market's current focus on recession risks over geopolitical risks. It examines OPEC's challenges in managing oil prices amid trade war uncertainties and the lack of spare capacity. The discussion also covers the volatility in oil prices due to supply and demand dynamics, and the potential for conflict in the Middle East, emphasizing the need for clarity from involved parties.

What factors are contributing to the current oil price situation according to the text?

How has the geopolitical risk premium affected oil prices recently?

What role does OPEC play in the oil market as discussed in the text?

What are the implications of the trade war on oil prices according to the discussion?

What concerns are raised about the potential for a recession affecting oil demand?