IEA Sees No Oil-Demand 'Shock' in 'Modest' Cut to Forecast

IEA Sees No Oil-Demand 'Shock' in 'Modest' Cut to Forecast

Assessment

Interactive Video

Business, Architecture, Social Studies

University

Hard

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The video discusses the stability of oil prices despite geopolitical concerns, such as supply issues in Libya and Venezuela, and Iranian sanctions. It explores the potential for a demand shock due to trade talks between the US and China, but maintains confidence in oil demand growth for 2019. The impact of geopolitical tensions on market stability is considered, with a focus on energy security. The video also examines the decline in diesel demand in Europe due to the diesel gate scandal and upcoming IMO regulations. Finally, it discusses OPEC's role in maintaining market balance.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways might the introduction of new shipping fuel rules impact diesel demand in Europe?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What actions might OPEC and its allies consider to maintain balance in the global oil market?

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