Oil Markets to Rebalance by Mid-2019, Says ED&F's Haque

The video discusses the complexities of predicting oil prices due to geopolitical tensions, market volatility, and economic factors. It highlights the influence of OPEC's decisions, US shale oil production, and the role of emerging markets like China and India. The potential impact of Venezuela's economic collapse on oil production is also examined. The discussion emphasizes the challenges in forecasting oil prices and the factors that could lead to market rebalancing.

What are the expected trends in oil demand from emerging markets like China and India?

In what ways could the Venezuelan economy collapse affect the oil market?