IEA Sees Oil Glut Falling in 2H

The video discusses the factors influencing the oil market, including the US shale boom's decline, Iran's slower production increase, strong US gasoline demand, and the Doha talks involving Saudi Arabia and Russia. It highlights the potential impact of these factors on oil production, projecting a decrease in US shale output from 9.2 million to 8 million barrels per day by the end of the year. The Energy Information Administration's report suggests that a combination of these factors could lead to a balanced market by early 2017.

What are some of the factors contributing to the changes in the oil market?

• US shale boom's growth

• Lack of talks between Saudi Arabia and Russia

• Strong US gasoline demand

• Iran's rapid production increase

What is the projected US shale output by the end of the year according to the Energy Information Administration?

• 7.5 million barrels a day

• 9.2 million barrels a day

• 8.4 million barrels a day

• 8 million barrels a day

How much is the US shale production expected to decrease by the end of the year?

• 1 million barrels a day

• 0.5 million barrels a day

• 1.2 million barrels a day

• 2 million barrels a day

What is the expected outcome if US production decreases and demand strengthens?

• Market imbalance

• Increased oil prices

• Market balance

• Decreased oil prices

By when is the market expected to achieve balance according to the consensus?

• Mid-2016

• Beginning of 2017

• End of 2017

• End of 2016