Citi's Morse Sees 'Last Hurrah' for China's Oil Demand

The video discusses the shifting dynamics of global oil demand, focusing on China's anticipated recovery and its implications for the market. It highlights the decline in oil demand in major economies like Europe and China, and the surprising switch from natural gas to diesel. The US emerges as a leading oil exporter, surpassing Russia and Saudi Arabia, with significant increases in production and exports. The discussion underscores the global transition away from oil and the complex interplay of supply and demand factors.

What is the anticipated trend for China's oil demand according to the video?

• It will increase sharply due to industrial expansion.

• It will remain stable for the next decade.

• It will return to levels seen two years ago and then decline.

• It will continue to grow indefinitely.

What major shift in energy consumption is highlighted in the second section?

• A shift from natural gas to diesel.

• A shift from nuclear to hydroelectric power.

• A shift from coal to wind energy.

• A shift from diesel to solar energy.

What is the expected trend for diesel demand in China this year?

• It will increase due to higher industrial activity.

• It will be lower than last year.

• It will remain the same as last year.

• It will be higher than last year.

Which country has become the largest gross exporter of oil?

• China

• United States

• Saudi Arabia

• Russia

What is the current production level of the United States in terms of barrels per day?

• 25 million barrels

• 21 million barrels

• 15 million barrels

• 10 million barrels