Oil, down from its stratospheric highs pre-Crisis, seems stuck in a permanent doldrums. Edward Morse, global head of commodities research at Citigroup, is one of the world’s pre-eminent experts on oil (and a noted skeptic of the stability of those sky-high prices). He explains the mechanics keeping supplies high and prices low, why he does not see them changing in the medium term, and where opportunity remains to be found.
Octavian Report: What’s your outlook on oil? Where do you see it going in the intermediate term?
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Edward Morse is the global head of commodities research at Citigroup.