Crude Slides on U.S. Oil Supply Predictions

The video discusses the oil market dynamics for 2017, focusing on the impact of OPEC decisions and US shale responses. It predicts a potential rise in oil prices in the first half of the year due to OPEC cuts and the Trump administration's influence, followed by a possible decline. The video also covers recent mergers in the Permian Basin, the impact of service cost inflation, and the factors contributing to market volatility, including currency movements and a strong dollar.

What are the two main factors influencing the oil market in the first half of 2017?

• Service cost inflation and mergers

• US shale production and currency movements

• OPEC cuts and the Trump administration

• OPEC decisions and US shale response

Which companies are involved in recent mergers in the Permian Basin?

• ConocoPhillips and Eni

• Chevron and BP

• Noble and Exxon

• Shell and Total

What is a potential consequence of service cost inflation in the Permian Basin?

• Decrease in oil prices

• Increase in oil prices

• Stability in oil prices

• No impact on oil prices

What factors contribute to the volatility in the oil market?

• US shale response and mergers

• OPEC cuts and Trump administration

• Service cost inflation and currency stability

• Strong dollar and OPEC decisions

What is the expected range of oil price fluctuations over the short term?

• $1 to $2

• $3 to $4

• $5 to $10

• $10 to $15