Ep. 376: Rory Johnston on $100 Oil, the Refined Product Crisis, and China's Swing Power

Rory Johnston is a Toronto-based oil market researcher, the founder of Commodity Context, a lecturer at the University of Toronto's Munk School of Global Affairs and Public Policy, as well as a Fellow with both the Canadian Global Affairs Institute and the Payne Institute for Public Policy at the Colorado School of Mines. Prior to founding Commodity Context, Rory led commodity economics research at Scotiabank. In this podcast, we discuss:  01. $100 Brent and Historic Backwardation 02. The Global Refined Product Crisis 03. Hormuz "Shuttle Trade" and War Insurance Costs 04. The Red Sea Chokepoint and Houthi Threat 05. Russian Refinery Attacks and Fuel Export Bans 06. China's Import Cuts and Hidden SPR Release 07. China's Potential Winter Refining Bailout 08. US Midterm Dilemmas and Export Ban Risks 09. India's LPG Crisis and Offshore SPR Deals 10. US Equity in Venezuela and Heavy Crude Spreads 11. Canada's Westward Pipeline Push