Vandana Hari On Oil Amid Russia-Ukraine Tensions

The transcript discusses Europe's energy dependency on Russian gas and oil, highlighting the potential global economic impact if supplies are disrupted. It explores possible solutions, such as an Iran nuclear deal and strategic petroleum reserve releases, but notes these are temporary fixes. The role of strategic reserves and market predictions are examined, with concerns about a protracted conflict affecting supply. Finally, it covers oil price forecasts for 2022, considering factors like demand growth and OPEC Plus actions.

What is the main challenge Europe faces in reducing its dependency on Russian energy imports?

• Interconnected global markets

• High cost of alternative energy sources

• Lack of political will

• Insufficient renewable energy capacity

Which country could potentially increase its oil supply if a nuclear deal is reached?

• Iran

• Saudi Arabia

• Russia

• Venezuela

What is a limitation of using strategic petroleum reserves to address energy shortages?

• They are not available in all countries

• They can only be used once

• They are too expensive to use

• They provide only a temporary solution

What is the expected average price range for Brent crude in the coming year?

• $110 to $120

• $90 to $100

• $70 to $80

• $50 to $60

Which factor is NOT mentioned as influencing oil prices in the coming year?

• OPEC+ supply adjustments

• Global demand growth

• US shale production

• Renewable energy advancements