Summer Oil Demand Very Strong After Omicron: Analyst Sen

The transcript discusses the current and future oil demand, highlighting Asia's role despite COVID-19 restrictions. It covers oil price forecasts, predicting a rise due to low inventories and potential supply outages. The impact of cost inflation on oil production and the relationship between economic policies and oil prices are also explored.

What is the expected main driver of oil demand growth in Asia?

• China lifting its zero COVID policy

• Reduction in global oil inventories

• OPEC increasing oil production

• Increased summer driving season in Asia

What is the annual average oil price forecasted for next year according to the transcript?

• $85

• $114

• $100

• $120

Which countries are mentioned as having recent supply outages?

• Saudi Arabia, Russia, Venezuela

• Ecuador, Libya, Nigeria, Kazakhstan

• USA, Canada, Mexico

• Brazil, Argentina, Chile

What is the estimated cost inflation across the upstream oil industry?

• 20% to 25%

• 15% to 20%

• 10% to 15%

• 5% to 10%

How does oil typically perform during high inflationary periods?

• Oil prices remain stable

• Oil prices are unaffected

• Oil prices tend to increase

• Oil prices tend to decrease