Gregory Muller
speaker
62 appearances
1 recordings
1 series
first heard Jun 2026
last heard 20 Jun
Gregory Muller’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
Thanks so much, Emily.
Let's jump right in.
Key takeaways here.
Oil prices are going to remain higher for longer and not quite the same peak that we had previously forecast.
Prices remaining above a hundred dollars a barrel until end of twenty twenty eight.
Global L and G prices.
So Europe and Asia, prices are high, but it's not a repeated twenty twenty-two.
The price and gains are strong and will come to these kind of high prices.
will continue into the third and fourth quarter, but not to the same levels that we saw during twenty twenty two.
US natural gas prices don't see much effect from the war in the Middle East.
In fact, there are some downward pressures on US natural gas prices as a result of higher oil, meaning higher associated natural gas production.
And really what's happening here is you have minimal traffic passing the shred of umlers, which means global oil supplies decline by around fifteen million barrels per day relative to what they would
This has resulted in inventories dropping by mid-May around 425 million barrels.
And really, it's becoming a race against inventories.
So as inventories decline, initially at 5.5 million barrels a day, it becomes a race against the kind of the clock between when you can get a deal passed.
This forecast assumes a deal, that means that you have a
Gradual reopening from the beginning of August.
But really, as things go on, inventory starts at near minimum operating levels.
So if the status quo remains as is for the next two to three months, you don't see any progress towards a deal, it starts to get to the point where pricing can get a lot worse, where you start to go well above $100 a barrel.
Once it
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