Rebecca Feng
speaker
33 appearances
2 recordings
1 series
first heard Jun 2026
last heard 18 Jun
Rebecca Feng’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 — 2 in all, peaking in Jun 2026 with 2.
Appearances
Iran's oil facilities haven't been damaged very, very dramatically.
And also, Iran is a country that can actually bring back oil production fairly quickly.
So in the deal that was signed, there's this language that allows Iran to immediately export its oil.
This is quite a big deal just because the Iranian oil industry has been under sanctions for years.
This really changes everything.
Before the war, Iran was roughly exporting more than one million barrels a day, mostly to China.
and it was producing 3.5 million barrels a day.
So because of the war and the blockade, the U.S.
Navy blockade, Iranian oil exports in May basically dropped close to zero.
We have analysts basically saying that in the first two months, Iran's going to have about $8 billion of revenue, oil sales revenue coming in, and within the first year, more than $60 billion.
So what the IEA was warning was basically that with the deal signed and peace in the Middle East, that could bring back a pre-war situation, which is a global oil glut.
The IEA is forecasting that next year supply will increase by like 8 million barrels a day and demand will only increase.
increased by two.
So now the oil glut is here again.
In the short term, oil prices will still be high.
But going on later in the year, probably in the third quarter or fourth quarter, we're going to see oil prices likely drop back to a pre-war level.
So around 60 or 70 a barrel.
We've very rarely, if ever, seen price volatility like this.
At the top, we had like 120, and now we're down to 75.
And there's just so much back and forth.
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