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"...It's the marginal barrel of oil that affects the price so these 2 ml barrels of oil a day are very significant..."
Radio Feature 19: Gus Majed in conversation with Sona Blessing
 
Monday, June 27, 2011
radio Drawing on his 15 years of experience in proprietary oil trading, including as former Partner at Vitol SA, and to share his take on the International Energy Agency’s (IEA) recent surprise move of releasing 60 million barrels of oil, is Gus Majed, Founder of Beca Advisors.

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"...It's the marginal barrel of oil that affects the price so these 2 ml barrels of oil a day are very significant..."
Duration: 10:50  Play Audio

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  • Q1 - Besides oil prices having fallen and in so doing having virtually wiped out all of this year’s gains, what’s been the impact of IEA’s move - particularly given the amount being released is just 60 million barrels over a 30 day period?

    Duration: 05:10  Play Audio

  • Q2 - "It took Iraq 10 years to reach the pre-Gulf War production levels and even if the Libyan come back in five years ..." How do you arrive at "five" years?

    Duration: 00:47  Play Audio

  • Q3 - How long do you expect prices to stay at their current levels - given that the last time the IEA released oil in 2005 prices did fall but rose to their original levels within months?
    How do you see prices evolving - under what circumstances/scenarios, in what range, when and why?

    Duration: 01:57  Play Audio

  • Q4 - How should one be positioned to cope with such "shocks"?

    Duration: 01:17  Play Audio

  • Q5 - Where do you see oil related investment opportunities - trading volatility, arbitrage etc.?

    Duration: 01:30  Play Audio


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