How a Fracturing Saudi-US Oil Pact Benefits Putin

The video discusses the expected trend of oil prices remaining above $80 per barrel due to economic needs of OPEC+, geopolitical shifts, and reduced competition from shale. It highlights the fracturing relationship between the US and Saudi Arabia, which has historically stabilized the oil market. Recent geopolitical events, such as Saudi Arabia's alignment with China and Iran, indicate a shift in alliances that could impact future oil prices.

What are the three factors driving the forecast for oil prices above $80.00 per barrel?

What role does geopolitics play in the current oil market according to the text?

In what way has shale oil competition affected OPEC plus in the past and what is its current status?

How has the relationship between Saudi Arabia and the US changed in recent years?

What impact did President Biden's visit to Saudi Arabia have on OPEC plus's production decisions?