After oil markets were rattled by negative prices this week, Ehsan Khoman, Head of MENA Research and Strategy, believes that the ultra-bearish momentum has further to go in the coming weeks given the physical reality of a still monumental oversupplied global oil market.
What comes next? With ultimately a finite amount of storage left to fill, Ehsan believes production will soon fall substantially enough to drive markets to become instantaneously balanced, thus positioning the prospect for higher oil prices in even a matter of weeks (not months). Listen below to hear his analysis.
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