Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling

Update: 2023-11-08

Description

With OPEC+ prepared to defend $75–80/bl and buyers adjusting to elevated prices, the oil market may have found a new Goldilocks price—one that is neither too hot nor too cold for producers and consumers alike. Ole Hansen, head of commodity research at Saxo Bank, tells Paul Hickin, editor-in-chief at Petroleum Economist, that while geopolitical risks could cause the market to spike, economic fundamentals and dormant supply are likely to keep prices capped in 2024.

Comments

Top Podcasts

The Best New Comedy Podcast Right Now – June 2024 The Best News Podcast Right Now – June 2024 The Best New Business Podcast Right Now – June 2024 The Best New Sports Podcast Right Now – June 2024 The Best New True Crime Podcast Right Now – June 2024 The Best New Joe Rogan Experience Podcast Right Now – June 20 The Best New Dan Bongino Show Podcast Right Now – June 20 The Best New Mark Levin Podcast – June 2024

In Channel

CCS Strategy Europe: opportunities and challenges in carbon capture

2024-07-1113:12

US SPR should work in tandem with OPEC+, says oil expert Johnston

2024-06-2536:32

Energy Oracles: Namibia has potential to match Guyana, says AEC’s NJ Ayuk

2024-05-0926:42

Energy Oracles: Navigating uncertainty in global oil markets with S&P Global's Jim Burkhard

2024-04-2416:32

Energy Oracles: Jeroen Van Hoof on the challenges of Europe's green transformation

2024-04-1819:04

Energy Oracles: Redesigning energy futures with Dr. Angela Wilkinson

2024-04-1123:44

Energy Oracles: Forecasting the unsteady future of global oil demand

2024-04-0421:47

Energy Oracles: Insights from London International Energy Week

2024-03-1431:38

Energy Oracles: US LNG export freeze draws energy battle lines

2024-02-1422:53

The intertwined histories of the IEA and OPEC: A discussion with Neil Atkinson

2024-10-2140:20

Energy Oracles: Strategist Vakhshouri says transition mustn’t undervalue energy as a human right

2024-01-2529:59

Wood PLC—Engineering Contractor’s Perspective on Digital Twins

2023-12-1114:53

Modular compression solutions to scale up CCUS

2023-11-2313:03

Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling

2023-11-0818:36

Energy Oracles: S&P’s Ernsberger on the oil market’s new directions

2023-09-2618:12

Harbour Energy – Implementation of digital twins to support operations and collaborative sustaining engineering

2023-08-3030:07

Energy Oracles: IEF’s McMonigle on oil’s investment crunch and the consumer-producer sweet spot

2023-08-2126:15

Energy Oracles: Energy expert Al-Hajji debunks oil myths on OPEC, petrodollar, shale and demand

2023-07-2136:07

Digital Twins: Promoting Project Performance

2023-06-2819:12

Energy Oracles: Opec watcher Croft on Saudi Arabia’s ‘whatever it takes’ strategy

2023-06-2326:11

00:00

Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling

#box-pro-ellipsis-173097628803051{-webkit-line-clamp:2;}Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling

Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling

Petroleum Economist

Energy Oracles: Saxo’s Hansen sees potential oil market floor and ceiling