Oil Could Hit $80 By Middle of 3Q, FGE's Fesharaki Says

The video discusses the impact of Iranian oil supply on the global market, highlighting the potential absorption of additional Iranian barrels and the role of OPEC in maintaining market stability. It examines global crude imbalances, with a focus on demand growth and inventory trends. The video also explores the mixed demand picture in Asia due to varying lockdowns, and the dynamics of OPEC meetings concerning production adjustments. Finally, it addresses the recovery of US demand and forecasts for oil prices, considering factors like Iranian elections and potential agreements.

How is the demand situation in Asia affecting the global oil market?

What are the implications of the US summer driving season on oil demand?

What is your forecast for Brent oil prices in the next six months?