IEA Says Oil Market Is `Losing a Little Bit of Momentum'

What was one of the main reasons for the weakening sentiment in the oil market?

• Stable oil prices at $45.00 a barrel

• High demand for crude oil by China

• Resurgence of COVID-19 in Europe

• Increased oil production by OPEC

What is the current trend in oil prices according to the transcript?

• Prices are stable at $45.00 a barrel

• Prices are increasing above $50.00 a barrel

• Prices are fluctuating unpredictably

• Prices are decreasing towards $40.00 a barrel

Why might OPEC consider adjusting its production strategy?

• To increase oil prices

• Due to unexpected weakening demand

• To decrease oil supply

• To stabilize the market at $50.00 a barrel

What is Trafigura's outlook on the oil market?

• The market will worsen before it gets better

• The market will improve rapidly

• The market will not recover

• The market will remain stable

What is a potential long-term impact of teleworking on oil consumption?

• Increased oil consumption

• Decreased oil consumption

• No change in oil consumption

• Fluctuating oil consumption