Orkhan Rustamov, CEO of Alkagesta, was featured in City A.M. with an opinion piece concerning oil market disruption. The article responded to recent coverage of oil price movements amidst continuing tensions in the Strait of Hormuz, according to Alkagesta.
City A.M. is a London-based business and finance newspaper, widely read within the UK's financial community. It focuses on markets, economics, corporate affairs, and policy commentary, known for its opinion-driven editorial style.
The piece argued that expectations for a return to market stability are misplaced. It highlighted that the past six months have demonstrated the vulnerability of even sophisticated oil and gas infrastructure to external events beyond producers' control.
Alkagesta's CEO noted that producers are beginning to accept this new reality, pointing to accelerating pipeline projects in the UAE and Iraq as evidence. The article called on traders and analysts to also acknowledge this shift.
Rustamov commented in the piece that a key lesson from the situation in the Strait of Hormuz is that there is no longer a 'normal' to which the market can return, as reported by Alkagesta.
