Roukaya Ibrahim

speaker

167 appearances 1 recordings 1 series first heard Aug 2026 last heard 2 Aug

Roukaya Ibrahim’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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WSJ's Take On the Week · Why Oil Prices Could Hit a Breaking Point by Year End · 2 Aug 2026 podcast

So specifically, for example, China, which of course has

basically cut its imports by about 5 million barrels per day, that is really a temporary mechanism.

On the other hand as well, inventories, which we know have declined meaningfully over the past few months, there's a limit to how much we can draw down on inventories.

And actually, once flows start to come out of the strait, what we're going to start to see is that the inventory drawdowns are going to reverse and we're going to start to see inventory builds that support demand and prices.

Well, I mean, I think that a lot of market participants were surprised by the relatively tame response from U.S.

producers.

And I think that highlights really that U.S.

producers are very much focused on returning value to shareholders and they're not willing to pump at any cost.

And what we've seen is actually U.S.

production in particular, typically, so U.S.

oil production growths,

typically lags oil prices by about six months.

And that's what we're seeing now.

So I think it was just very premature to expect U.S.

producers or even other global producers to ramp up aggressively when the duration of this disruption is ultimately unknown.

So that's one thing.

I think, you know,

whether that's the US or other global producers, they're not really willing to take measures to aggressively increase production when it's just a temporary situation.

But even in the case of the US, for example, the magnitude that we're likely to see in terms of the increase in production is probably not going to be anywhere close to being enough to offset the size of the disruptions.

So I think that there will be certain countries over the near term that could increase slightly, but it's really not going to be very meaningful.

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