EIA's Sieminski: Brexit Calls Oil Demand Into Question

The transcript discusses OPEC's role in market solutions, the impact of Brexit on demand growth, and the growth of crude oil inventories. It also covers changes in Saudi oil policy under a new minister and explores the future of oil consumption with the rise of technology like Uber, Lyft, and self-driving cars.

What is the current stance of Saudi Arabia regarding market solutions?

• They want to increase oil production.

• They believe in market-driven solutions.

• They are undecided on their approach.

• They prefer government intervention.

What is a significant factor affecting the rebalancing of oil supply and demand?

• Rising crude oil inventories.

• Stable oil prices.

• Increased government subsidies.

• Decreased global oil production.

How has the new Saudi government publicly expressed its view on oil policy?

• They are focusing on renewable energy.

• They favor market forces for rebalancing.

• They support increased production.

• They plan to cut oil exports.

What is one potential impact of ride-sharing and self-driving cars on oil consumption?

• They have no impact on oil consumption.

• They will definitely decrease oil consumption.

• They might increase or decrease oil consumption.

• They will definitely increase oil consumption.

What is a key question regarding future oil consumption?

• Is renewable energy the future?

• Will OPEC increase production?

• How will technological advancements affect consumption?

• Will oil prices remain stable?