MacroVoices #518 Dr. Anas Alhajji: Debunking The 2026 Oil Bear Narrative

The Macro Voices podcast features an interview with Dr. Anas Alhajji, Managing Partner for Energy Outlook Advisors, focusing on the 2026 crude oil outlook and geopolitical risks. Alhajji challenges the prevailing bearish sentiment, arguing that a manufactured surplus based on misinterpretations of US strategic petroleum reserve and Chinese strategic inventory is misleading. He suggests that oil prices will likely remain range-bound, with China potentially releasing inventories to prevent significant price increases, even as President Trump aims for lower energy prices before the midterm elections. The discussion extends to Venezuela, Iran, and the Russia-Ukraine conflict, with Alhajji emphasizing the impact of trade pattern shifts and potential retirement of tankers due to sanctions.