Structural shifts reshaping global oil markets

In this episode of the Energy Connects podcast, host Chiranjib Sengupta speaks with Norbert Rücker, Head of Economics and Next Generation Research at Julius Baer, to unpack the structural shifts reshaping global energy markets amid unprecedented volatility. The conversation explores the implications of the Strait of Hormuz disruption, the UAE’s exit from OPEC, oil market fundamentals, and the role of storage and geopolitics in price formation. Rücker also examines Europe’s resilience and how the energy transition is strengthening energy security during periods of crisis.