Oil Market Facing Too Much Uncertainty, FGE Says

The video discusses the current uncertainty in the oil market, highlighting OPEC's indecision due to global volatility and budget constraints. It examines the potential impact of a second wave of the virus on oil demand and the compliance issues with overproduction by Iraq and Nigeria. The video concludes with predictions for future oil prices, suggesting a gradual increase as the market absorbs production changes.

What factors are contributing to the uncertainty in the oil market currently?

What are the potential dangers for OPEC plus if they decide to cut supply?

Discuss the implications of a second wave of the virus on oil demand.

How might OPEC plus respond to the overproduction by Iraq and Nigeria?

What is the expected price trend for oil over the next 12 months according to the analysis?