Geostrategic Chess is Played with Barrels

In this conversation, Alex and Mohit discuss the current state of the crude oil market as they enter 2026. They cover various macroeconomic factors, including the impact of geopolitical events in Venezuela and Iran, the dynamics of US production, and the overall supply and demand signals in the market. The discussion highlights the complexities of the oil market and the potential for volatility in the coming months, driven by both geopolitical tensions and market psychology.

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Chapters

00:00 Introduction and Market Overview

02:24 Venezuela's Impact on Crude Supply

07:52 Geopolitical Risks and Global Market Dynamics

12:56 Iran's Role in the Oil Market

14:26 US Producer Strategies and Market Psychology

20:07 Supply Overhang and Inventory Dynamics

25:39 Future Outlook and Market Volatility

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