Beveridge: Set Up for 2H Looking Constructive for Oil

The video discusses the impact of COVID-19 on oil demand, particularly in China, and the subsequent recovery in the downstream sector. It examines oil price trends, market dynamics, and geopolitical factors affecting prices. The Chinese economic recovery is analyzed, highlighting increased demand for oil products. Investment opportunities in the energy sector, focusing on companies like Scenic and Woodside, are also discussed, with an emphasis on LNG prices and market competition.

What is the expected growth in refined product demand in China for the year?

• 5 to 6%

• 7 to 8%

• 9 to 10%

• 11 to 12%

What is a major risk to the oil market scenario in the second half of the year?

• Rise in renewable energy usage

• Decrease in Chinese demand

• Onset of a recession

• Increase in oil production

How did the COVID lockdown affect oil consumption in China last year?

• It remained stable

• It increased significantly

• It fluctuated unpredictably

• It declined

Which sector is expected to drive demand growth in China this year?

• Automobile

• Chemical

• Agriculture

• Technology

Why is Woodside considered a key investment in the LNG market?

• It benefits from high LNG prices

• It focuses on renewable energy

• It has a large market share in Europe

• It has low production costs