Oil to Hold Price Gains on U.S.-Iran Tension, Energy Aspect’s Sen Says

The video discusses the current state of the oil market, focusing on geopolitical tensions and their impact on oil prices. It highlights the tight physical market conditions, low inventories, and spare capacity. The discussion covers the market's response to potential risks, including the possibility of war and its effects on long-term oil supplies. The role of US producers in hedging and the resulting backwardation in the market is analyzed. The video also examines the impact of crude differentials on Asian markets and concludes with Saudi Arabia's strategic position in response to these uncertainties.

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