ING: Brent To Average $76/bbl Over 2022

The video discusses the oil market's potential surplus in the coming year, driven by non-OPEC supply growth. It explores the impact of geopolitical events, such as the Ukraine situation and Iranian nuclear talks, on natural gas prices. The European gas market's volatility is highlighted, with Nord Stream 2 delays affecting supply. The metals market is analyzed, focusing on China's construction slowdown and its effect on steel and iron ore prices, while aluminium is expected to see price increases due to structural deficits.

What is the expected trend for the global oil market by the first quarter of next year?

• No change

• A significant deficit

• A balanced market

• A surplus

Which factor is NOT mentioned as potentially affecting oil prices?

• SPR release

• European lockdowns

• OPEC's output increase

• US economic growth

What could potentially increase Iranian oil supply in the market?

• Increased domestic production

• Resumption of nuclear talks

• OPEC's intervention

• A new trade agreement

How might geopolitical tensions around Ukraine affect gas prices?

• Stabilize prices

• Increase prices

• No impact

• Decrease prices

What is the expected status of the Nord Stream 2 pipeline this winter?

• Fully operational

• Partially operational

• Unlikely to come online

• Decommissioned

Which metal is expected to see a price increase due to structural deficits?

• Aluminum

• Steel

• Copper

• Iron ore

What is the main reason for the pressure on steel rebar prices in China?

• Increased demand

• Construction slowdown

• New environmental regulations

• Export restrictions