Oil Is Heading Way, Way Higher, Says Energy Aspect's Sen

The video discusses the current trends in the oil market, predicting higher prices due to demand growth and limited supply. It examines OPEC's role and challenges, including spare capacity issues and group viability. The EU's efforts to reduce dependency on Russian gas are deemed unrealistic without external help, leading to potential rationing. The dynamics of Russian oil trade are explored, with China and India as key buyers, while Europe faces challenges due to high inflation and economic slowdown.

What challenges does Europe face in reducing its dependency on Russian gas?

How is the situation in Asia affecting the European gas market?

What are the potential consequences of oil supply rationing in Europe?