StanChart's Khan Sees 2018 Oil Demand Over 1.6 Million Barrels a Day

The video discusses the dynamics of the oil market, focusing on U.S. oil production and its implications for OPEC. It highlights the expected breach of 10 million barrels per day by the U.S. and the potential impact on global oil prices. The analysis covers the fundamentals of the oil market, predicting Brent prices to consolidate lower in 2018. The video also examines global oil demand, particularly from Asia, and the role of non-OPEC supply, especially from North America. It concludes with a discussion on the demand-driven rise in oil prices and the significance of global economic growth.

What is the expected U.S. oil production by the end of the summer?

• 11 million barrels per day

• 10 million barrels per day

• 9 million barrels per day

• 8 million barrels per day

What is the expected price consolidation for Brent oil in 2018?

• $61 per barrel

• $55 per barrel

• $70 per barrel

• $65 per barrel

How much is the global oil demand expected to grow in 2018?

• 1.6 million barrels per day

• 1.8 million barrels per day

• 1.4 million barrels per day

• 1.2 million barrels per day

Which country's strong imports are expected to help OPEC more than the supply side?

• South Korea

• India

• China

• Japan

What is the forecasted global GDP growth for 2018?

• 4.1%

• 3.5%

• 3.7%

• 3.9%