Rory Johnston: $60 Oil Is Possible in 2027 | with Mikkel Rosenvold

Why hasn't oil hit $200 despite the war in Iran and ongoing disruptions in the Strait of Hormuz? Mikkel Rosenvold sits down with Rory Johnston, founder of Commodity Context, to explain how China's dramatic reduction in crude oil imports helped prevent a much bigger global energy shock. They also unpack the global diesel shortage, Russia's battered refineries, Trump's diesel deal with Putin, and why recovering crude supply hasn't brought fuel prices down. Plus, Rory shares his outlook for oil in 2027 — including why Brent could fall back into the $60s even as diesel prices remain painfully high. Follow Mikkel for more: @RosenvoldGeo 🏆 The Real Vision Trading is now open! The best trade ideas on the platform compete for $80,000 in cash. 📈 Trading League: https://realvision.com/your-future Timestamps: 00:00 - Rory Johnston's Oil Price Forecast 02:03 - Why Oil Never Hit $200 04:30 - What's Really Happening in the Strait of Hormuz? 07:49 - Why Energy Inflation Remains High 12:09 - The Global Diesel Supply Crisis 17:26 - Trump's Russia Diesel Deal 21:06 - Can Russia Restore Diesel Exports? 28:43 - How China Prevented a $200 Oil Shock 33:17 - China's Changing Oil Demand 41:24 - Why High Prices Haven't Destroyed Demand 44:09 - When Could the Iran War End? 45:23 - Rory's Oil Price Outlook for 2027 About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Connect with Real Vision™ Online: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Website: 🔥 https://rvtv.io/3Y4t5Pw 📈 Get your Real Vision swag: https://shop.realvision.com 📣 Elevate your brand with Real Vision. Connect with us at [email protected] to explore advertising possibilities. Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #oil #china #roryjohnston #crudeoil #brent #iran #straitofhormuz #diesel #energycrisis #oilprices #russia #ukraine #inflation #geopolitics #commodities #realvision