Amrith Ramkumar

speaker

860 appearances 16 recordings 1 series first heard May 2018 last heard Sep 2021

Amrith Ramkumar’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · What to Expect for Summer Gas Prices · 22 May 2020 podcast

That's kind of why it's a little hard to analyze, but there is a time lag there that's important.

Right now, both are rising at the same time.

The energy industry is still really struggling, and that's why producers are so aggressive right now about curtailing supply.

Oil's at about $30 a barrel or $35 if you use the global benchmark, and that's still below levels at which a lot of producers make money.

So they're really cutting supply and hoping for demand to continue rising.

Many analysts don't expect demand to rise in a straight line, though.

This is likely to be a really bumpy road because states and countries aren't reopening uniformly and people might not feel safe in certain areas driving and getting out and about.

We're also seeing really low demand still for jet fuel, which is a big component of the oil market to keep in mind as well.

So the market will definitely look a lot different in the months and years ahead.

There are a few factors that could pause the recent bounce back we've seen in gasoline prices.

One is an OPEC meeting next month in June.

So a lot of industry analysts are looking to that meeting because OPEC and other large producers are really aggressively curtailing supply.

But as prices start to bounce back, they might have more incentive to open up the taps a little bit more, if that makes sense.

So you have that constant push and pull between supply and demand.

If Saudi Arabia or other large producers start pumping a bit more, that could send prices spiraling, as well as a second wave of coronavirus infections, a second spike, if you will, and anything on the demand side that shows things aren't picking up back up as quickly.

So again, this will be a bumpy road.

Right now, things are going up, but we'll have to see how long that lasts.

WSJ Your Money Briefing · What Lower Gas Prices Mean for Consumers-And Investors · 24 Feb 2020 podcast

Futures prices for natural gas recently fell to their lowest level in almost four years.

And inventories in the U.S.

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