Saudis Are Overtightening the Oil Market Again, Says Vanda Insights’s Hari

The video discusses the oil market dynamics in 2019, focusing on OPEC's production cuts, particularly by Saudi Arabia, and the impact of global supply challenges due to sanctions on Venezuela and Iran. It forecasts oil prices to remain between $60-$70 per barrel, with potential volatility due to geopolitical factors and market adjustments. The second half of the year is expected to see significant changes due to new marine fuel regulations and increased Permian production.

What was Saudi Arabia's planned oil production for March 2019?

• 8.5 million barrels per day

• 11.2 million barrels per day

• 10.5 million barrels per day

• 9.8 million barrels per day

Which countries are mentioned as facing sanctions affecting their oil production?

• Russia and Canada

• Venezuela and Iran

• Iraq and Libya

• Saudi Arabia and UAE

What is the expected range for oil prices in the first half of the year?

• $80 to $90

• $70 to $80

• $60 to $70

• $50 to $60

What significant change is expected in the second half of the year affecting refinery economics?

• Expansion of OPEC membership

• Introduction of new drilling technologies

• Lower sulfur limits in marine fuel

• Increase in shale oil production

What is a potential factor that could prevent the market from becoming too tight?

• Reduction in renewable energy investments

• Trump's pressure on OPEC

• New oil discoveries in the Arctic

• Increased demand from Asia