The only realistic way to prevent structural oil oversupply from driving prices well below $60, potentially to $50 or lower, is through sanctions on Iranian exports or through reduction of US Shale production, both politically challenging in current contexts.
forecastpending
Speaker
Paul SankiEvidence Quote
“the only real big way of getting around the supply problem because it is an excess supply problem is going to be by stopping Iranian exports or by reducing activity in the US Shale and that's going to be a tough price probably well below 60 below 50”
Source
'Never Before Seen' Oversupply Of Oil To Collapse Crude Price? | Doomberg & Paul Sankey— David LinCreated: 8/12/2026, 6:45:10 PM
My Notes
Loading notes...