Oil Rising on Iraqi-Kurdish Tensions

The video discusses the geopolitical tensions in Kurdish territory and their impact on oil prices, highlighting the potential for serious disruptions. It examines the shift in oil market dynamics since 2014, focusing on oversupply and the role of non-OPEC sources. The discussion also covers the rebalancing of oil markets, with differing views from OPEC and the IEA, and the influence of production from countries like Nigeria, Libya, and the US.

What potential impact could the tensions between the Kurds and the Iraqi central government have on oil supplies?

• No impact on oil supplies

• Serious disruption to oil supplies

• Increase in oil supply

• Decrease in oil demand

Since 2014, what has been a significant factor affecting oil prices?

• Increase in OPEC production

• Crisis of oversupply

• Decrease in global demand

• Stability in geopolitical regions

What measures have been taken by OPEC and non-OPEC countries to address the oversupply issue?

• Stop oil exports

• Increase oil prices

• Increase production

• Limit supply and draw down inventories

According to the Secretary General of OPEC, what is the status of the oil market rebalancing?

• Rebalancing is unnecessary

• Rebalancing is complete

• Rebalancing has started

• Rebalancing has not started

Which countries are considered wild cards in the future of oil market rebalancing?

• Saudi Arabia and Russia

• Nigeria, Libya, and the US

• China and India

• Brazil and Canada