2017 Oil Outlook: Supply and Demand, OPEC Compliance

The video discusses the energy market trends for 2017, focusing on OPEC's output and compliance rates, the impact of production changes in Libya, Nigeria, and the US, and the influence of a stronger dollar on energy markets. It highlights the potential for increased US rig counts and capital spending, while noting the challenges posed by fluctuating global production levels and currency dynamics.

What is the psychological price level for oil mentioned in the energy market outlook for 2017?

• $50

• $55

• $60

• $65

What compliance rate is implied for OPEC to maintain output above 33 million barrels per day?

• 70%

• 90%

• 80%

• 60%

Which two countries are mentioned as having potential increases in oil production that could affect the market?

• Libya and Nigeria

• Saudi Arabia and Iran

• Venezuela and Iraq

• Russia and Kuwait

By how much is the U.S. rig count expected to increase next year?

• 10%

• 20%

• 30%

• 40%

What is the expected increase in capital spending by U.S. producers in the global energy space?

• 10-20%

• 20-30%

• 30-40%

• 40-50%