Brent Above $100 a Barrel by 2H of 2023: Beveridge

The video discusses the oil market outlook, focusing on factors affecting oil prices, such as China's reopening, EU embargoes, and OPEC's strategy. It highlights the impact of Russian oil production on global supply and OPEC's potential actions. The video also explores China's potential increase in oil demand and the challenges Europe faces with gas supply during winter, considering geopolitical tensions and market dynamics.

What factors are influencing the potential rise in Brent crude oil prices next year?

• Decrease in global oil demand

• OPEC+ increasing production

• Increased US oil production

• China's reopening and EU embargo on Russian oil

What is the main challenge in rerouting Russian crude oil to Asia?

• Insufficient tanker availability

• Higher production costs

• Longer shipping times compared to Europe

• Lack of demand in Asia

How has the Ukraine conflict affected Russian crude production this year?

• Production has significantly decreased

• Production has remained flat

• Production has been halted

• Production has increased

What is the expected growth in China's oil demand next year?

• 700,000 barrels a day

• 1 million barrels a day

• 1.5 million barrels a day

• 500,000 barrels a day

What is OPEC's target price range for oil per barrel?

• $70 to $90

• $60 to $80

• $80 to $100

• $90 to $110

What has Europe done to prepare for the winter in terms of gas supply?

• Imported more coal

• Reduced gas consumption

• Filled gas inventories significantly

• Increased domestic gas production

What is a potential risk for gas prices in Europe next year?

• Decrease in global gas demand

• Continued Russia-Ukraine conflict

• Mild winter weather

• Increased LNG capacity