We’ve Been Bullish on Oil All Year, Says JPMorgan’s Malek

The video discusses the 2019 oil prices, focusing on whether they have peaked. It highlights OPEC's role in balancing the market by withdrawing production and predicts a more measured response compared to the previous year. The discussion includes oil price predictions, suggesting a range of $65 to $80 per barrel, influenced by summer demand and geopolitical factors like Venezuela's production issues and Iran's sanctions. The potential impact of near-zero production in Venezuela and the possibility of regime change are also explored, with a focus on how these factors might affect the market in the medium term.

What is one of the main reasons for the bullish outlook on oil prices in 2019?

• OPEC's withdrawal of production

• Increased production by OPEC

• Decrease in global demand

• Stable political climate in oil-producing countries

What price range is predicted for oil in the first half of 2019?

• $90 to $100

• $65 to $75

• $80 to $90

• $50 to $60

What factor is expected to contribute to the volatility of oil prices?

• Increased production in Venezuela

• Stronger demand and OPEC's measured response

• Decreased demand

• Stable production levels

What is the expected impact of Venezuela's political situation on its oil production by the end of the year?

• Increase to 2 million barrels

• Decrease to near zero production

• Increase to 1.5 million barrels

• Stabilization at current levels

How long is it expected to take for Venezuela to resume significant oil production after a regime change?

• More than 5 years

• Less than a year

• 1 to 2 years

• 2 to 3 years