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 are the implications of China's reopening on global oil demand?

What are the expected trends in oil demand for major economies like Europe and China?

How has the demand for diesel in China changed recently?

What factors have contributed to the decrease in oil demand in the United States?

Discuss the impact of the U.S. becoming the largest gross exporting country of oil.