BitMEX Blog

March 04, 2023

For this essay I will focus on oil’s supply, demand, and price as a proxy for global energy. The countries/economic blocs in question are the United States (US), European Union (EU), China, and Japan. Primer on Global Oil Supply and DemandBefore we jump into the meat of the analysis, I want to set the stage with some useful information on the global oil market. The most obvious risk to global oil supplies is a blockade of the Strait of Hormuz. Because the US consumer pays the global price, US foreign policy is very focused on securing a pliant Middle East via military force.

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