Jeff Currie Says Oil Is ‘Mispriced’ at $100 Per Barrel

Jeff Currie of Carlyle Energy Pathways highlights a material disconnect between paper (futures/derivatives) and physical oil markets and analyzes how Russian oil flows are affecting price formation. He suggests the divergence can distort price signals and complicate basis relationships between futures and physical barrels. These dynamics have implications for market liquidity, regional flows, and the effectiveness of sanctions on Russian supply.

Analysis

Jeff Currie of Carlyle Energy Pathways highlights a material disconnect between paper (futures/derivatives) and physical oil markets and analyzes how Russian oil flows are affecting price formation. He suggests the divergence can distort price signals and complicate basis relationships between futures and physical barrels. These dynamics have implications for market liquidity, regional flows, and the effectiveness of sanctions on Russian supply.