Market Is Hungry for Oil: Trafigura’s Rahim

The video discusses the dynamics of the oil market, focusing on demand recovery led by the US and Europe, and the impact of structural underinvestment since 2014. It predicts potential future oil prices reaching $100 per barrel, contingent on market conditions. The role of OPEC and the return of Iranian crude are analyzed, along with the global commodity supercycle, particularly in the copper market. The discussion highlights the need for higher incentive prices to stimulate new production.

What are the expected timelines for reaching $100 oil per barrel?

How might the return of Iranian crude affect the global oil market?

What challenges does the copper market face in terms of production and pricing?