Citi's Morse Sees Oversupplied Oil Market

The video discusses UBS's Brent forecast and OPEC+ supply discipline, highlighting the potential oversupply in the oil market. It examines Russia's production compliance and the impact of non-OPEC production, particularly shale, on the market. The effects of winter weather on US production are analyzed, along with European gas supply concerns amid Ukraine tensions.

What is the main reason UBS raised its Brent forecast to a $90-$100 range?

• European energy crisis

• US shale production decline

• OPEC+ production discipline

• Increased demand from China

How does Russia's compliance record compare to Saudi Arabia's?

• Russia is slightly more compliant

• Russia is significantly less compliant

• Russia is not compliant at all

• Russia and Saudi Arabia have similar compliance levels

What is the expected increase in US shale production by the end of the year?

• 30%

• 10%

• 15%

• 25%

What factor is causing a temporary decline in US domestic production?

• Increased capital spending

• High oil prices

• Winter weather and freeze-offs

• OPEC+ production cuts

What is the main strategy of European capitals to mitigate potential gas supply disruptions?

• Increasing coal production

• Securing additional LNG supplies

• Relying on renewable energy

• Building new nuclear plants

Which country is releasing LNG cargoes to Europe, aiding in the supply situation?

• India

• Russia

• Qatar

• China

What is the likelihood of a gas supply crunch in Europe according to the discussion?

• Very high

• Certain

• Moderate

• Low