How might the pandemic continue to affect oil demand and supply?
JTD Energy's Driscoll on OPEC+ Meeting
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Business, Social Studies
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University
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Hard
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The transcript discusses unexpected developments in recent OPEC meetings, particularly the UAE's surprising stance, which deviates from the usual Saudi-Russian alignment. The UAE's new oil strategy, including the launch of the ICE Futures Abu Dhabi Murban crude Oil Futures Index, marks a significant shift. The discussion also covers the impact of the pandemic on oil demand and supply, with potential risks from Iran's election and sanctions. Future oil price trends are explored, with a focus on the WTI-Brent spread and market dynamics.
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What role does Iran play in the current oil market situation?
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What are the expectations for oil prices in the coming months?
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