Oil to Exceed $80 a Barrel in Short Term: Beveridge

The transcript discusses the outcomes of recent OPEC meetings, focusing on oil production adjustments and market balance. It highlights the impact of market pricing and the COVID-19 variant on oil demand, particularly in Western economies. The discussion covers trends in oil inventory and production, with a focus on the Permian Basin and rig count. The dynamics between WTI and Brent prices are analyzed, considering seasonal demand and gasoline consumption. The transcript also examines demand trends in Asian markets, especially in China and India, and provides an outlook on US shale production and market response.

What is the significance of the OPEC agreement ending in 2022?

How is the demand in Asia expected to influence global oil demand?

What are the expectations for US shale production in the near future?