IHS Energy's Webster: Markets Are Still Awash in Oil

The transcript discusses the International Energy Agency's (IEA) market predictions, highlighting concerns about premature optimism. It notes the recent rise in Brent prices and its potential to disrupt the balance between supply and demand. The discussion then shifts to the impact of rising prices on US shale production, emphasizing that if prices exceed certain levels, it could slow down the expected decrease in production, affecting market dynamics.

What is the key dynamic needed for supply to equal demand?

What does the speaker imply about the potential for production to slow down?