Oil Won't Drop Below $72 a Barrel: Amrita Sen

The video discusses the strategic use of the Strategic Petroleum Reserve (SPR) to influence oil prices, highlighting its limitations compared to OPEC's production capabilities. It examines the impact of legislative releases on SPR levels and the potential risks of depleting reserves. The discussion also covers the expected oil price trends due to supply disruptions, geopolitical factors, and the EU embargo on Russian crude. The video predicts rising oil and gasoline prices, especially during winter, and emphasizes the need for diesel stock management. Lastly, it addresses the challenges in refining capacity and the potential bottlenecks in meeting future demand.

What are the expected trends for oil and gasoline prices as winter approaches?

What is the outlook for refining capacity in Europe and the U.S. in the coming years?