2025’s Oil Markets: A Tale of Trump, Tariffs, and Turbulence?

Mr. Tor Andre Svelland is the Founder and CIO of Svelland Capital. A commodities focused investment manager established in 2016.

Tor has over 30 years of extensive experience in the commodities sector. Tor has built teams and managed trading books in equities, commodity, and freight derivatives (futures and options) and physical commodities.

From 2014-2016, Tor managed the Dry Cargo desk at Trafigura where he was responsible for all physical commodity, commodity derivative and commodity/freight-related-equity trading.

From 2010 to 2014, Tor was an Executive Director of the Oil Desk at Goldman Sachs in London and had responsibility for the global freight book.

2005 to 2010, Tor was Head of Commodities and Head of Freight Derivatives at Carnegie and Pareto in Oslo.

From 1989 to 2005, Tor held various positions within commodity and freight markets across shipping merchants, brokers, and charterers, in Oslo and Athens.

Paul Horsnell is the Head of Commodities Research at Standard Chartered Bank, leading a team that covers the key metals and energy markets. He was previously Head of Commodities Research at Barclays, and Head of Energy Research at JPMorgan. Prior to becoming a financial analyst, Dr Horsnell was Assistant Director for Research at the Oxford Institute for Energy Studies and Praelector in Economics at Lincoln College, Oxford. He is a former Chairperson of the British Institute of Energy Economics and holds a degree in Philosophy, Politics and Economics and a doctorate in Economics from Oxford University.

Helima is a Managing Director and the Head of Global Commodity Strategy and Middle East and North Africa (MENA) Research at RBC Capital Markets. She specializes in geopolitics and energy, leading a team of commodity strategists that cover energy, metals, and cross-commodity investor activity, as well as policy analysis and both Washington and global political insights. Helima is a member of the National Petroleum Council, a select group of individuals who advise, inform, and make recommendations to the Secretary of Energy with respect to any matter relating to oil and natural gas. She also is a CNBC contributor, a member of the channel’s exclusive family of experts. Helima is on the Board of Directors for the Atlantic Council, is a Life Member of the Council on Foreign Relations, and is on the Advisory Council for the Department of History at Princeton University. She is on the Board of Directors of Reservoir Media, Inc., the first female-founded and led publicly traded independent music company in the US. Helima joined RBC Capital Markets from Barclays, where she was a Managing Director and Head of North American Commodities Research. Prior to that, she worked in Lehman’s Business Intelligence.

Matthew Revell is responsible for Bloomberg’s Commodity Product Strategy, based out of London. In this position he is focused on developing the comprehensive set of solutions Bloomberg delivers for Commodity professionals globally.
Prior to assuming this role in June 2023, he was the company’s Commodities Market Specialist covering the EMEA region, following a decade working across various leadership and individual sales positions in the European Commodity Sales group. He has extensive experience working with commodity trading merchants, corporations, national and integrated energy majors, driving strategies that grow their businesses through the use of financial technology.

Euan Burr is a Commodities Market Specialist at Bloomberg LP, covering the EMEA region. He works extensively with commodity merchants, corporations, national oil companies and integrated energy groups to drive strategies that grow their businesses through the use of technology. He previously held front line oil trading roles at BP for 16 years, working in both London and Singapore, as well as at Oak Capital and ICAP. He has recently joined Bloomberg to enhance the commodity offering.

Björn van Roye (PhD) is the Head of Global Economic Modelling for Bloomberg Economics in Madrid. He previously worked as a Team Lead Economist at the European Central Bank and a Research economist at the Kiel Institute for the World Economy. He is also visiting Professor of Advanced Macroeconomics at the University of Oxford.