Vitol CEO Russell Hardy on $100 Oil

The video discusses the potential for oil prices to reach $100 per barrel, driven by supply and demand dynamics post-pandemic. It highlights the role of Iran's oil supply in the market and examines the geopolitical factors, such as the Russia-Ukraine conflict, that may influence oil prices. The discussion suggests that while geopolitical risks exist, the primary drivers of oil prices are supply and demand factors.

What is the current concern in the oil market regarding supply and demand?

• Supply is exceeding demand significantly.

• Both supply and demand are decreasing.

• Supply is struggling to meet the recovering demand.

• Demand is decreasing while supply is increasing.

What could potentially change the tight supply situation in the oil market?

• Increased production from Russia.

• A decrease in global oil demand.

• Iranian oil returning to the market.

• New oil discoveries in the Arctic.

How much additional oil supply is expected from Iran if an agreement is reached?

• 500,000 barrels

• 2 million barrels

• 1 million barrels

• 3 million barrels

What is the expected impact of the Russia-Ukraine conflict on the oil price premium?

• It accounts for a significant portion of the price premium.

• It has no impact on the price premium.

• It accounts for a small portion of the price premium.

• It causes the price premium to decrease.

What is the general expectation for oil prices even without geopolitical tensions?

• Prices are expected to decrease significantly.

• Prices are expected to stabilize at lower levels.

• Prices are expected to remain elevated.

• Prices are expected to fluctuate wildly.