JPMorgan Raising Estimate for China's Oil Demand Growth

The video discusses the growth in China's oil demand, which is expected to increase by 800,000 barrels per day, representing half of the global oil demand growth. It also covers the impact of a global economic slowdown on petrochemical products, highlighting cautious optimism for construction-related chemicals. The forecast for Russian oil production is addressed, noting a temporary drop due to the G7 cap on exports, with a recovery expected by mid-2023. The overall oil price forecast for 2023 is set at $90 per barrel, with potential price increases in the second half of the year as China's reopening boosts demand.

What percentage of global oil demand does China account for?

• 20%

• 14-15%

• 10%

• 25%

Which chemical product is expected to have a cautious demand outlook due to supply issues?

• Natural gas

• Petrochemicals

• Construction chemicals

• Polyolefins

What is the expected impact of the G7 cap on Russian oil exports?

• Permanent decrease in exports

• No impact

• Temporary drop in refinery throughput

• Increase in production

By when is Russian crude oil production expected to recover to pre-war levels?

• End of 2023

• End of 2024

• Middle of 2023

• Beginning of 2024

What is the forecasted oil price for 2023 according to the discussion?

• $100 per barrel

• $90 per barrel

• $80 per barrel

• $110 per barrel