JPMorgan Revised Down Brent Forecast, Darling Says

The video discusses the current and future outlook of oil prices, highlighting a forecast of Brent oil prices and potential inventory build-up. It examines the impact of low oil prices on global demand, particularly in China and Europe, and the potential for recovery. The video also explores strategies for oil and gas producers, focusing on earnings and refinery operations. It provides a long-term outlook on oil prices, emphasizing the need for a $60 price for sustainable investments. Finally, it discusses the future of OPEC+ and the relationship between Saudi Arabia and Russia.

What is the revised Brent oil price forecast for next year?

• $27

• $36

• $35

• $17

Which companies tend to outperform during an oil price collapse?

• Retail companies

• Technology companies

• Refining and chemical companies

• Upstream oil companies

What is the government-set oil price floor for Chinese refiners?

• $40

• $35

• $30

• $45

What is JP Morgan's long-term oil price forecast from 2023 onwards?

• $30

• $40

• $60

• $50

What is the fiscal break-even oil price for Saudi Arabia?

• $45 to $50

• $35 to $40

• $55 to $60

• $25 to $30