OPEC Cannot Replace Russia, Says FGE's Fesharaki

The video discusses the challenges OPEC faces in meeting global oil demands, especially in light of Russia's role and the self-sanctioning in Europe. It explores China's potential recovery and its impact on oil demand, as well as Iran's possible contribution to the oil market. The discussion also covers the current high oil prices, the Gulf producers' strategies, and the limitations of shale production. Finally, it examines the potential effects of sanctions on oil prices and the future outlook for the oil market.

Why are high oil prices a concern for oil producers?

What factors could lead to oil prices remaining above $100 in the coming years?

How might sanctions on Russian oil affect global oil prices?