The Officials with Jorge Montepeque: This is the End | S1 E10

World of Oil Derivatives

Jorge is back from Asia, and his findings from Singapore, China and Vietnam are stark. Building construction and industrial demand has slowed down significantly. The slow-down in China is serious, and the West is yet to see and understand the enormity of the change.

The noise on the streets of Shanghai is no longer the sound of motor engines, but just tyres on the road, as around 70% of the cars in the roads in China are now EV's - which has led to a complete down turn in gasoline demand.

With an already short market hitting $69/bbl last week, we must ask, how much shorter can the market get? Secondly, how will OPEC+ manage supply when the demand growth in Asia just isn't there?

Director of Benchmarking, Jorge Montepeque, Group Head of Research, Harry Tchilinguirian and Research Analysts Will Cunliffe and Edward Hayden-Briffett delve into the future of gasoline demand in Asia and what this means for the market.

A note from Jorge: https://www.youtube.com/watch?v=VScSEXRwUqQ

The End (Song by The Doors)

This is the end

Beautiful friend

This is the end

My only friend, the end

Of our elaborate plans, the end

Of everything that stands, the end

No safety or surprise, the end

I'll never look into your eyes again