Oswald Clint Says Oil Price Should Remain Stable

The transcript discusses the dynamics of the oil market, focusing on OPEC's production cuts and their impact on market stability. It highlights the role of shale producers and potential risks, while also examining the unexpected cooperation between Saudi Arabia and Russia. The discussion suggests that while short-term volatility may occur, the overall trend points to stable or rising oil prices due to robust demand and disciplined supply management.

What has been the trend in oil prices over the past three years according to the video?

• Oil prices have been highly volatile.

• Oil prices have been increasing.

• Oil prices have remained stable.

• Oil prices have been decreasing.

What is one potential risk that might be underestimated in the oil market?

• Shale oil production

• Electric vehicle adoption

• Chinese demand

• Renewable energy sources

What is the expected impact of shale oil production on the overall oil price for 2018?

• It will not be disruptive to the overall price.

• It will lead to a price surge.

• It will cause a significant drop in prices.

• It will stabilize the prices.

What was the surprising development in the oil market over the last 18 months?

• A decline in global oil demand

• A surge in electric vehicle sales

• The cooperation between Saudi Arabia and Russia

• Increased investment in oil supply

What level of compliance have Saudi Arabia and Russia shown regarding production cuts?

• 50% compliance

• 75% compliance

• 100% compliance

• No compliance