Oil Surge Eases Following Saudi Attack

The video discusses the defense of Saudi oil refineries post-2019 attacks and the potential impacts of disruptions in the Persian Gulf on global oil supply, particularly affecting Asian refiners. It explores factors influencing oil prices, including production and demand concerns, and highlights the spare capacity in the market. The cautious production strategy of OPEC is examined, along with the outlook on US shale production and its potential growth.

What percentage of the world's refinery is located near Riyadh?

• 5%

• 7%

• 10%

• 12%

Which region is most affected by potential disruptions in Saudi oil exports?

• Europe

• Africa

• North America

• Asia

What is the main reason Saudi Arabia is cautious about increasing oil production?

• Political instability

• High production costs

• Uncertainty in demand

• Lack of spare capacity

What is the estimated spare capacity of oil production, including Iran?

• 5 million barrels per day

• 6 million barrels per day

• 10 million barrels per day

• 8 million barrels per day

What is the expected growth rate of US oil production next year?

• One million barrels per day

• Half a million barrels per day

• Flat or down

• Two million barrels per day