Brent to Average Between $60 to $70 in 2019, Benali Says

The video discusses the oil price outlook for 2019, maintaining a Brent price range of $60-$70 per barrel. It highlights OPEC's efforts to stabilize prices and the role of US shale in setting price ceilings. The response of Saudi Arabia and OPEC to market changes is analyzed, with a focus on medium to long-term investments. The impact of Iran waivers on market dynamics is explored, noting backwardation in Brent and WTI. Concerns about US shale production and GDP growth, particularly in the Middle East, are also addressed.

What is the expected price range for Brent crude in 2019 according to the transcript?

• $80 to $90 a barrel

• $70 to $80 a barrel

• $60 to $70 a barrel

• $50 to $60 a barrel

What role does OPEC play in the oil market according to the first section?

• Decreasing global demand

• Providing a price floor

• Increasing production limits

• Setting a price ceiling

How does the transcript describe Saudi Arabia's response to market conditions?

• Aggressive and proactive

• Overly optimistic

• Lukewarm and surprising

• Indifferent and passive

What is the main concern for the oil market in 2019 according to the final section?

• Rising production costs

• Decreasing consumer demand

• GDP growth rate forecasts

• Technological advancements

What potential issue is associated with US shale production?

• High environmental impact

• Quality issues

• Excessive production costs

• Lack of technological innovation