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One oil industry, two opposing views and many reasons why crude prices move

Natural Gas (European) | Oil | Crude Oil | Metals | Steel

Market Movers Europe, May 20–24: Iran tensions affect oil; Turkish steel gets a boost

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Listen: One oil industry, two opposing views and many reasons why crude prices move

Oil prices have been on the rebound in recent weeks, with many market watchers saying that fundamentals appear improved. Some are predicting that the market will see supply and demand rebalance by the end of the year. Senior oil editors Brian Scheid and Herman Wang look closer at the market's green shoots with a bedtime story: Mr. Bull, Mr. Bear and the Great Market Rebalancing. With non-OPEC production declining and demand being stimulated by low prices, will the market be on its way up, as Mr. Bull says? Or will growing Iranian volumes, slowing economic growth in China and the prospect of drilled-but-uncompleted wells coming back online keep a lid on prices, as Mr. Bear suggests?

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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