Jeff Currie on the diesel pinch point, Hormuz, and equity "la la land" | EA Forum Ep.18

On 8 May, EA Founder and Director of Market Intelligence Amrita Sen caught up with Jeff Currie, Co-Chair at Abaxx Exchange, Co-Founder of 1947 Oil & Gas Plc and Non-executive Director at Energy Aspects. Key points included: Why the market is conflating a deficit with a shortage; until we tip into the latter, prices won't reflect reality. Even if the Strait of Hormuz reopened tomorrow, long-dated oil needs to reprice on the structural set-up. Jeff sees this as the biggest repricing opportunity across the commodity complex. Equity markets are in "la la land", having repriced the energy halo lower—Jeff argues case for rest of the hard asset complex. Diesel is the pinch point and a key driver to watch given how broadly it feeds through the system. Explore the latest energy and commodities market news, views and insights from Energy Aspects' experts: https://ow.ly/RV7X50Z04GH