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Listen: Where has the oil market's risk premium gone?

Record supply disruptions in an already well supplied market may have contributed to the departure of a true risk premium in the oil market, Paul Sheldon, chief geopolitical advisor with S&P Global Platts Analytics tells Platts Capitol Crude. On this week's podcast, Sheldon says the risk premium could return following a major supply disruption or a flare up in military tensions between the US and Iran.

But what would a major disruption look like? Why should the market be watching Iraq and Saudi supply closely? Is an oil price crash looming?