Six million barrels a day of oil still aren’t getting through the Strait of Hormuz, and Tracy Shuchart says markets are still tightening. The NinjaTrader Live senior economist explains why lost GCC production won’t come back quickly, why crack spreads are signaling stress, and why the global refining shortage could get worse heading into winter.
Chapters:
0:00 Tracy Shuchart on the Strait of Hormuz and Tightening Oil Markets
1:07 Crack Spreads, Russian Refineries, and the Global Refining Shortage
2:50 Fall Refinery Maintenance and a Dire Winter Setup
3:22 Why a US Diesel Export Ban Would Backfire
4:45 Gold vs. Bitcoin: Why Hard Assets Are Holding Up
7:15 Venezuela’s Oil Discount and What It Means for US Refiners
8:31 Venezuela as a Geopolitical and Critical Minerals Play
9:28 AI Data Center Debt and Stress in the Bond Market
11:02 The Coming Copper Shortage and AI’s Supply Problem
12:41 Can the US Grow Its Way Through a Supply Shock?
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