Where Are Crude Oil Prices Headed From Here?

The video discusses the current state of the oil market, focusing on refining maintenance, OPEC supply, and pricing strategies. It highlights the impact of geopolitical risks, the strength of the dollar, and the role of Saudi Arabia as a swing producer. The discussion also covers investment strategies of oil companies like Statoil, BP, and Exxon, and the potential for market recovery. The video emphasizes the importance of understanding supply and demand dynamics, as well as the influence of external factors on oil prices.

What has been a significant factor in Libya's contribution to OPEC's supply?

• Ramp up ahead of expats

• New oil discoveries

• Increased demand from Europe

• Technological advancements

According to JP Morgan, what is the long-term real Brent assumption?

• $90.00

• $110.00

• $80.00

• $100.00

What is a potential consequence of oil prices being sustainably below $90?

• Expansion of oil production

• Increased investment in oil

• Rational oil companies cut back on spending

• Higher taxes on oil companies

What is a key factor that makes upstream levered oil equities attractive?

• High dividend payouts

• Good value for investors

• Low operational costs

• Government subsidies

How does a strong dollar affect the commodities market?

• It increases oil prices

• It decreases oil prices

• It has no effect

• It stabilizes oil prices

What is Saudi Arabia's role in OPEC?

• Production leader

• Price setter

• Swing producer

• Market follower

What has driven oil prices to be around $100 over the last few years?

• Technological advancements

• Increased global demand

• OPEC's production cuts

• Supply side risks and geopolitical risks