Fatih Birol - International Energy Agency Executive Director

The video discusses the current state of oil prices, predicting a balanced market unless geopolitical or supply disruptions occur. It highlights potential surprises from Venezuela's declining production and increased US shale oil output. The impact on oil inventories is considered, with expectations of reduced inventories over time. The future of oil demand is debated, with skepticism about peak demand due to growth in sectors like trucking and petrochemicals. Despite technological advances, the energy mix remains dominated by fossil fuels, posing sustainability challenges.

What challenges does the speaker identify regarding the future of oil inventories?

In what ways does the speaker believe the oil demand growth is driven beyond just cars?

What has been the trend in the share of fossil fuels in the energy mix over the past 30 years?