It still seems that oil markets are believing their own theories more than hard-hitting warnings from Arab national oil companies. Even with all signs on red, optimism still shows oil prices as depressed, not really reflecting reality at all. When Sultan Ahmed Al Jaber, Abu Dhabi National Oil Company’s CEO, and more or less one of the most outspoken visionaries in the Gulf, publicly warns that oil
Energy OilPrice.com May 21, 2026