With Harry Tchilinguirian away, Mita Chaturvedi hosts today's episode of Oil Insights and discusses the latest oil market developments with Onyx Research Associates Martha Dowding and Vincent Wu. Key topics include the impact of the Biden administration's latest slew of sanctions against Russian oil and its impact on the Brent/Dubai spread as Chinese and Indian refiners look for alternatives to Russian crude oil. The episode also delves into changes in ICE Brent positioning as per the latest Commitment of Traders report and Onyx's CTA Model, and the future outlook for oil prices amid this question mark on supplies and how OPEC+ fits into this narrative. Tune in for expert analysis and a glimpse into the crystal ball for 2025's oil markets.Correction: During the discussion at 10:09, the 1.2 million barrels per day surplus mentioned should be the LOSS of a 1.2 million barrels per day surplus.https://linktr.ee/onyxcapitalgroupFollow us:YouTube: https://www.youtube.com/@worldofoilderivativesLinkedIn: https://www.linkedin.com/company/onyx-capitalgroup/X: https://x.com/Onyx__EdgeTikTok: https://www.tiktok.com/@onyxcgroupInstagram: https://www.instagram.com/onyxcgroup/

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