The current 'absolute deficit' of oil could turn into a 'humongous surplus' in 2027: Rystad Energy

Claudio Galimberti, chief economist of Rystad Energy, says the potential "huge oversupply" of oil following the resolution of the Iran war and closure of the Strait of Hormuz is creating a lot of confusion in the markets. He also says that moving forward the focus for all countries will be on energy security rather than affordability or sustainability.