Credit Suisse's Stuart: Oil to Stay Flat Through Winter

The video discusses the fluctuating oil prices between $40 and $50 per barrel, OPEC's potential influence on the market, and the demand dynamics in both emerging and developed markets. It explores the future of oil demand, considering technological advancements and carbon emission reductions, and anticipates a peak demand scenario. The discussion also covers the impact of renewable energy, particularly solar power, on the market and the cost dynamics of oil production, highlighting the potential for continued production at lower costs.

What has been the recent price range for oil per barrel?

• $50 to $60

• $40 to $50

• $30 to $40

• $60 to $70

What is the current state of oil demand in emerging markets?

• Declining rapidly

• Stable with no growth

• Growing at over a million barrels a day

• Decreasing slightly

By when is oil demand expected to be in a permanent downturn according to the World Energy Council?

• 2025

• 2050

• 2030

• 2040

Which country plans to ban the production of gasoline engines by 2030?

• India

• United States

• China

• Germany

What is a significant challenge for electric vehicles mentioned in the transcript?

• High cost of production

• Limited battery range

• Lack of charging stations

• Heavy battery weight

What is the current trend in the cost of solar power?

• Fluctuating

• Decreasing

• Stable

• Increasing

What is the estimated cost of extracting oil from shale?

• Less than $20

• Less than $40

• Less than $60

• Less than $80