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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And again, there are all these different densities. voice-verified
And refineries take that crude in and they turn it into fuel. voice-verified
So depending on how long these disruptions last, even if the futures markets might be saying one thing, there could be some conflicting signals here. voice-verified
Yes, right now there are a whole host of projections that people are putting out. voice-verified
And the challenge right now is that none of us really know the full extent of the damage in Saudi Arabia and how long it'll take to get all of that resolved and how that could ripple through energy markets. voice-verified
And a lot of that could take some time. voice-verified
It really all depends, again, on that and how the U.S. voice-verified
and other countries do kind of react with their stockpiles or with sanctions policies if there are these significant disruptions. voice-verified
We've seen the market calm down again, so maybe that could limit some of that. voice-verified
But again, this is like a situation that's changing every day. voice-verified
And President Trump has kind of threatened and said that the U.S. voice-verified
is locked and loaded. voice-verified
So we'll have to see what happens. voice-verified
Yes, that's a really good question and one that people discuss a lot. voice-verified
The thing that people in the energy market say is that that's not a sustainable way for the world to function. voice-verified
So we have several days worth, and in some case even longer than that, worth of oil in these stockpiles, but that's like a last-ditch scenario. voice-verified
People in the oil market are again focused on not using that and using these other more sustainable methods to meet global oil needs. voice-verified
That's why we've seen the International Energy Agency come out twice since the weekend attacks and say the market is well supplied as is. voice-verified
They're monitoring the situation, but they don't want to go into their nearly 3 billion barrel stockpiles to really address the situation right now. voice-verified
And that's another reason we've seen the markets calm down a bit and prices reverse. voice-verified
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