Where Does the Price of Oil Head in 2019?

The video discusses the complexities of oil prices in 2019, focusing on the political alliance between Saudi Arabia and Russia. It highlights the unpredictable nature of the market and identifies supply as a dominant factor. The discussion also covers the impact of China's economic activities and the role of OPEC and Russia in stabilizing the market. The potential influence of a harsh winter on oil demand is considered, along with the importance of market coordination for stability.

What factors are influencing the price of oil in 2019 according to the text?

How do the political alliances between Saudi Arabia and Russia affect the oil market?

What role does China's demand play in the global oil market as mentioned in the text?

What is the significance of OPEC's communication regarding supply responses?

What are the potential impacts of a tougher winter on the oil market?