Rory Johnston
Coverage of Rory Johnston in the Nexus archive.
- Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right
Rory Johnston discusses why his prediction of $200 oil prices did not materialize. Oil extraction is occurring near Monahans, Texas.
- Odd Lots: Rory Johnston on Why Oil Didn’t Hit $200 (Podcast)
The Strait of Hormuz has mostly reopened, and while crude prices have risen since the Iran conflict began, predictions of $200-per-barrel Brent oil did not materialize. Rory Johnston, founder of the Commodity Context newsletter, discusses this in a podcast, revisiting his earlier analysis from the start of the conflict.
- The TACO Equilibrium
The article discusses the ongoing Iran war and the closure of the Strait of Hormuz, noting that oil prices have remained stable despite predictions of a spike. It introduces the TACO theory, which suggests President Trump will eventually end the conflict to avoid economic fallout, creating a dynamic equilibrium between market expectations and his decisions.
- China’s hidden reserves may be the reason why oil prices haven’t exploded even higher
The article suggests that China's government may be releasing petroleum from strategic reserves into the market, potentially preventing a sharper rise in oil prices. This analysis is based on a recent Commodity Context newsletter by Rory Johnston.