Rory Johnston

Rory Johnston, founder of the Commodity Context newsletter and an oil analyst who teaches at the University of Toronto, explains how a prolonged Strait of Hormuz disruption could push oil past $200 a barrel. He discusses why refined fuels spiked first. He outlines supply rerouting limits, the role of spare capacity, and how duration and bidding dynamics could magnify shortages and price spikes.

Simon White, Bloomberg macro strategist known for slide-driven inflation analysis, and Rory Johnston, founder of Commodity Context and energy markets expert. They discuss inflation risk framed against 1970s shocks. Topics include food and fertilizer-driven CPI pressure, Strait of Hormuz disruptions and oil tightness, private credit fragility, and why commodities and gold may behave differently in a reaccelerating inflation regime.

Rory Johnston, independent oil analyst and founder of Commodity Context, warns the Strait of Hormuz closure has created an unprecedented oil shock. He quantifies massive shut‑ins, compares this to past crises, and outlines how refinery cuts, routing limits, strategic releases and geopolitics could push prices far higher or, if de-escalation occurs, allow flows to resume.

In this discussion, Rory Johnston, founder of Commodity Context and an expert in the oil market, breaks down the complexities of crude oil dynamics. He highlights how Trump's sanctions have kept prices elevated by constraining supply, particularly concerning Venezuelan resources. Rory analyzes the geopolitical implications of U.S. resource strategies, including the challenges of restoring Venezuelan oil production. He also navigates the recent movements in oil prices, assessing whether they stem from real market changes or are fueled by geopolitical narratives.

Join Rory Johnston, Founder of Commodity Context and an expert in oil market analysis, as he delves into the baffling changes in the WTI forward curve, shifting from backwardation to contango. Explore the impact of geopolitical tensions on crude oil prices and the intricate dance of supply and demand. Discover how U.S. and China inventory dynamics influence future market trends and gain insights into investor sentiment amidst declining U.S. shale production. It's a fascinating look at today's complex crude oil landscape!

Rory Johnston, the founder of Commodity Context and an energy market expert, dives deep into the intricacies of the crude oil market. He discusses the significant impacts of Trump’s tariff policies on oil supply and the critical importance of crude quality in refining. Johnston highlights the geopolitical implications of U.S. foreign policy on oil prices, touches on OPEC's production strategies, and explains how sanctions on countries like Iran and Venezuela shape the market. It's an insightful exploration of oil's evolving landscape!

Rory Johnston, an oil markets analyst and lecturer at the University of Toronto, dives into the potential fallout from President Trump's proposed 25% tariffs on Canadian and Mexican crude oil imports. He explains how these tariffs could severely impact U.S. refineries that rely on Canada’s heavy oil. The discussion covers the historical evolution of U.S.-Canadian oil trade, the environmental implications of different extraction methods, and how grassroots activism shapes pipeline developments. Johnston also addresses the economic consequences for consumers and refiners.

Rory Johnston, founder of Commodity Context and oil/commodity analyst, explains how the Iran war reshapes oil markets and gasoline prices. He breaks down supply dynamics, tanker delays, export bans, and scenarios from prolonged conflict to U.S. withdrawal. Short, clear takes on why consumers could face a costly driving season.

Rory Johnston, a Toronto-based oil markets analyst and founder of Commodity Context, dives into Venezuela's oil industry post-U.S. military incursion. He discusses the staggering costs and time required to restore production, estimating up to $100 billion and a decade of work. Johnston contrasts Trump's imperial rhetoric with the reality of $57 per barrel prices and the risks for oil companies like Chevron and Exxon. He also explores how U.S. sanctions and shifts in market dynamics could reshape global oil politics and energy transitions.

Rory Johnston, oil market researcher and founder of CommodityContext.com, explains the current oil market and his data-driven approach. He covers why markets seem confused after shocks. He walks through production shut-ins and slow recovery. He contrasts crude and refined product dislocations. He outlines risks from pipelines, export curbs, and physical vs paper market divergence.