Oil supply disruptions are many, but demand rules prices

Seemingly long-term US sanctions on oil flows out of Iran and Venezuela, a blockade in Libya with no end in sight, and even more production cuts from the OPEC+ coalition expected this week are adding up to a loss of roughly 6% of global supply -- but prices are cratering.

Demand, specifically weakening demand caused by the effects of the coronavirus, is far outweighing even unprecedented declines in supply.

On this week's podcast, Fernando Ferreira, Rapidan Energy Group's director of geopolitical risk service, talks OPEC+, Iran, Venezuela, Iraq and Libya, and where world oil supplies are headed.

Can a supply shock even rattle the oil market anymore?