Energy Market Assesses Trump Win

The video discusses the current state of the oil market, focusing on the balance of supply and demand. It examines the potential impact of OPEC's decisions and the new US president's energy policies, which are pro-fossil fuels and aim to expand both upstream and midstream sectors. The discussion also covers the challenges of processing light crude and the implications of increased US oil production on global prices. Finally, it assesses the likelihood of an OPEC and non-OPEC deal, predicting potential price drops if no agreement is reached.

What is the current state of the oil market according to the discussion?

• The market is perfectly balanced.

• The market is likely to balance this quarter due to high demand.

• The market will remain balanced throughout the next year.

• The market is in a state of permanent imbalance.

What is the new U.S. president's stance on energy policies?

• He is against fossil fuels.

• He is pro-energy, especially fossil fuels.

• He plans to reduce U.S. oil production.

• He supports renewable energy only.

How might increased U.S. oil production affect the market?

• It will stabilize oil prices.

• It will put further pressure on oil prices.

• It will increase oil prices.

• It will have no effect on oil prices.

What is the probability of OPEC and non-OPEC reaching a deal?

• Very high probability.

• Moderate probability.

• Low probability.

• Certain to happen.

What could happen to oil prices if a deal is not reached by the end of November?

• Prices could rise significantly.

• Prices will increase slightly.

• Prices could fall close to $40 or lower.

• Prices will remain stable.