JPMorgan Sees Brent Around $59 Average for 2020

The transcript discusses global oil and LNG markets, focusing on production compliance, demand forecasts, and price trends. It highlights JP Morgan's oil demand growth predictions, OPEC's influence on oil prices, and the LNG market's supply-demand dynamics, particularly in Asia and China. The discussion also covers China's increasing gas production and its impact on the LNG market.

What is the forecasted global oil demand growth for this year according to JP Morgan?

• 1.5 million barrels per day

• 1.2 million barrels per day

• 0.7 million barrels per day

• 2.0 million barrels per day

What is the expected average price of Brent oil for next year?

• $55 per barrel

• $65 per barrel

• $59 per barrel

• $70 per barrel

What is the expected price of Brent oil by the end of next year?

• $65 per barrel

• $50 per barrel

• $55 per barrel

• $60 per barrel

What is the main reason for the oversupply in the LNG market?

• High demand in Europe

• Lack of new long-term agreements

• Decreased demand in the US

• Increased production in the Middle East

What is the percentage disparity between LNG contract price and spot price?

• 40%

• 60%

• 30%

• 50%