Oil to Be ‘Ongoing, Absolute Disaster’ Over Next Two Months, Analyst Sankey Says

Paul Sankey says the global oil market faces tough conditions for the next 2-3 months, even if the Strait of Hormuz reopens within days. The comment points to persistent disruption risk in a critical energy chokepoint, which is negative for oil supply expectations and broader commodity stability.

Analysis

Paul Sankey says the global oil market faces tough conditions for the next 2-3 months, even if the Strait of Hormuz reopens within days. The comment points to persistent disruption risk in a critical energy chokepoint, which is negative for oil supply expectations and broader commodity stability.