IEA Says Oil Demand `Remains Fragile'

The video discusses the current state of the oil market, highlighting a temporary soft patch but predicting a strong recovery in the second half of the year. It addresses the impact of the Colonial Pipeline cyber attack, which disrupted oil supply in the Eastern US, and the potential implications of waiving the Jones Act to alleviate fuel shortages. The video also emphasizes the growing threat of cyber attacks on digitized energy systems and the need for governments to implement protective measures.

What was the revised outlook for global oil demand growth mentioned in the report?

• Increased by 500,000 barrels a day

• No change in demand growth

• Decreased by 270,000 barrels a day

• Increased by 270,000 barrels a day

What percentage of US oil demand does the Colonial Pipeline account for?

• 50%

• 60%

• 30%

• 40%

What is the Jones Act related to in the context of the oil market?

• Requirements for ship credentials

• Guidelines for oil pricing

• Regulations on oil drilling

• Standards for oil quality

What is a significant risk highlighted by the Colonial Pipeline incident?

• Environmental pollution

• Increased oil prices

• Shortage of oil supply

• Cyber attacks on energy infrastructure

What measures are suggested to protect energy systems from cyber attacks?

• Reducing oil consumption

• Enhancing oil transportation

• Increasing oil production

• Implementing backup systems