We’ve Been Bullish on Oil All Year, Says JPMorgan’s Malek

The video discusses the 2019 oil prices, focusing on whether they have peaked. It highlights OPEC's role in balancing the market by withdrawing production and predicts a more measured response compared to the previous year. The discussion includes oil price predictions, suggesting a range of $65 to $80 per barrel, influenced by summer demand and geopolitical factors like Venezuela's production issues and Iran's sanctions. The potential impact of near-zero production in Venezuela and the possibility of regime change are also explored, with a focus on how these factors might affect the market in the medium term.

What price range has been discussed for oil in the first half of the year?

What are the expectations regarding Venezuela's oil production in the medium term?