Sanford C. Bernstein's Beveridge Sees Oil Around $76 in 2019

The video discusses the future of oil prices, highlighting predictions and uncertainties. It covers OPEC's fluctuating production decisions, demand concerns due to negative economic indicators from China, and inventory levels. The impact of non-OPEC supply and potential geopolitical risks, particularly related to Iran's oil exports and US sanctions, are also examined.

What is the forecasted oil price for next year according to the discussion?

• $100.00

• $50.00

• $120.00

• $76.00

Which country's economic data is causing concerns about oil demand?

• Brazil

• India

• Russia

• China

What has been the trend in oil inventories over the last quarter?

• Fluctuating randomly

• Stable

• Increasing counter-seasonally

• Decreasing seasonally

What is the goal of the US regarding Iranian oil exports?

• Increase to 2 million barrels a day

• Maintain at current levels

• Reduce to zero

• Double the exports

What risk does the reduction of Iranian oil exports pose to the market?

• Increased spare capacity

• Stable market conditions

• Decreased geopolitical tensions

• Tight spare capacity and risk of disruptions