The Officials with Jorge Montepeque: Squeeze Time | S1 E13

World of Oil Derivatives

In this episode of The Officials, Jorge, Ed, and Will dive into key market developments affecting energy, commodities, and the broader global economy. They discuss the recent volatility in the Dated Brent benchmark following the inclusion of WTI, and how this shift is creating discrepancies between physical and futures markets. They also explore concerns raised by Saudi officials about oil price trends and the disconnect between different market indicators - highlighting the persistence of volatility.

The team addresses U.S. politics and the impact of the upcoming election, particularly the potential economic consequences of a Trump victory. Jorge, Ed and Will also discuss the impacts of record-breaking debt levels, surging gold prices, and investor sentiment in an increasingly uncertain geopolitical landscape. Wrapping up, they touch on the challenges faced by refineries, the potential for increased oil exports from China, and what's going on in benchmarking.