Energy Word's Dicker Says Prepare for Triple Digit Oil Prices

The video discusses the disparity in oil prices between major market players Vitol and Trafigura, highlighting the wide spread in market sentiment. It reviews the OPEC report predicting a growth in oil demand up to 2023, while also noting a reduction in demand forecasts for 2018-2019 due to weaker economic growth. The discussion includes concerns about supply issues due to insufficient investment and the potential impact of a global recession on oil prices, with projections suggesting a rise to triple-digit prices.

What is the main point of difference between Vitol and Trafigura in the oil market?

• Their production capacity

• Their number of employees

• Their geographical location

• Their market valuation

According to the OPEC report, what is the expected average growth in oil demand per year up to 2023?

• 3.0 million barrels a day

• 1.2 million barrels a day

• 0.8 million barrels a day

• 2.5 million barrels a day

What is a significant challenge in the oil supply market as mentioned in the transcript?

• Overproduction

• Lack of investment

• High transportation costs

• Excessive regulation

What factor is causing OPEC to reduce its demand forecast for 2018-2019?

• Political instability

• Weaker economic growth

• Increased production

• Technological advancements

What potential economic event could alter the fundamental picture of the oil market?

• A technological breakthrough

• A major oil spill

• A new trade agreement

• A global recession