VANDA Insights' Hari on Oil Demand and Outlook

The video discusses the impact of sanctions on Russian oil, focusing on the US ban and the EU's phased-in embargo. It highlights the challenges Russia faces in redirecting oil to Asia, particularly India and China. The EU's extraterritorial sanctions complicate global trade, affecting shipping and insurance. OPEC's production challenges are also covered, with the organization struggling to meet its targets amid rising oil prices. The market is gripped by supply fears, with Brent crude prices soaring. The future outlook hinges on the ongoing conflict in Ukraine and its impact on global oil supply security.

What role do economic factors play in the shifting of oil trade flows, particularly for Russia?

In what ways might the ongoing conflict in Ukraine influence oil supply and prices?