Very Long Oil Rebalancing Process Is Starting, Says Oil Analyst Sen

The video discusses the stabilization of oil prices and the potential future movements until oil finds a stable floor. It highlights the global concern of running out of inventory space, particularly in the US and Europe, and the impact on WTI prices. The rebalancing process of the oil market is beginning, driven by a supply response overtaking demand declines. Storage capacity issues are prevalent, with the US and Europe nearing full capacity, while China still has some space. A significant inventory build-up is expected in the first half of the year.

What has been a major factor driving recent large movements in the oil market?

• New oil drilling technologies

• Rising demand for oil

• Running out of inventory space

• Increased oil production

When is the rebalancing process in the oil market expected to start?

• By the end of the year

• In the next decade

• In the next few days

• By June

What is expected to happen to the US oil storage capacity in the coming months?

• It will be empty

• It will be very full

• It will remain the same

• It will decrease significantly

Which region still has a little bit of space for oil storage?

• Europe

• China

• Africa

• South America

How much inventory build-up is expected over the first half of the year?

• 2 billion barrels

• 1 billion barrels

• 500 million barrels

• 3 billion barrels