OPEC Focus Moves From Freeze to Output Ceilings

The video discusses the anticipated outcomes of the upcoming OPEC meeting, with expectations of no significant changes in oil production policies. It analyzes global oil inventory trends, highlighting increased inventories and the impact of refinery maintenance. The discussion also covers production dynamics, noting declines in US production and increases from countries like Saudi Arabia and Iran. Finally, it projects a modest growth in oil demand for 2017, considering slowing global GDP growth.

What is the expected outcome of the upcoming OPEC meeting according to the discussion?

• A decrease in oil production

• A significant increase in oil prices

• A hard freeze on production levels

• No major changes or 'fireworks'

What is the expected trend for global oil inventories throughout the year?

• A significant decrease

• A steady increase

• No change

• A fluctuating pattern

How are rising Chinese oil imports affecting the global market?

• Increasing global oil prices

• Decreasing refinery margins

• Reducing global oil supply

• Stabilizing crude demand

Which country is expected to continue growing its oil production into 2017?

• Venezuela

• Iran

• Nigeria

• Angola

What is the anticipated growth in global oil demand heading into 2017?

• 1.5 million barrels per day

• 2 million barrels per day

• 1.2 million barrels per day

• 900,000 barrels per day