JPMorgan's Darling Says Oil May Reach $75 in Second Quarter

The video discusses oil price forecasts, highlighting JP Morgan's prediction of $70 per barrel and potential risks from Venezuela. It examines demand risks, market volatility, and the impact of US driving season on oil prices. The discussion also covers US shale production, focusing on financial strategies and production forecasts.

What is the average oil price forecast by JP Morgan for this year?

• $90.00

• $80.00

• $70.00

• $60.00

Which country is highlighted as a particular risk in the oil supply data?

• Saudi Arabia

• Russia

• Venezuela

• Canada

What is the forecasted global GDP growth rate according to JP Morgan?

• 2.5%

• 3.5%

• 4.5%

• 5.5%

By the end of the year, what is the estimated US shale production in barrels?

• 11 million

• 10 million

• 12 million

• 9 million

What is the focus of US shale producers during the reporting season?

• Reducing costs

• Expanding market share

• Increasing production

• Free cash flow outlook