IEA Chief Sees Tight Second-Half Oil Market Even With 'Sluggish' China

The video discusses the global oil demand, which is expected to increase by over two million barrels per day, with China contributing significantly. The potential for market tightness in the second half of the year is highlighted due to production cuts and China's economic performance. Additionally, the video addresses European gas prices, noting current storage levels but warning of potential issues if China's demand for LNG increases or if a harsh winter occurs.

What is the expected increase in global oil demand this year?

• More than one million barrels per day

• More than two million barrels per day

• More than three million barrels per day

• More than four million barrels per day

What percentage of the increased oil demand is expected to come from China?

• About 50%

• About 40%

• About 70%

• About 60%

How is the growth of the Chinese economy described in comparison to European standards?

• Stable

• Sluggish

• Rapid

• Declining

What is a major concern for European gas prices despite high storage levels?

• Increased domestic production

• High LNG supply

• Mild winter conditions

• Strong Chinese LNG demand

What could exacerbate the gas supply issue in Europe during winter?

• A mild winter

• Increased renewable energy production

• A harsh winter

• Decreased industrial demand