IEA's Birol on Saudi Energy Minister, Oil Demand Growth, U.S. Production

The video discusses the role of Abdelaziz in Saudi Arabia's oil policies, emphasizing the need for economic diversification due to increasing US oil production and weakening demand. It highlights the impact of technological advancements and trade tensions on oil markets, stressing the importance of adapting to these changes. The potential effects of US oil production on global prices and the risks of recession due to trade disputes are also examined.

What is the expected oil demand growth for the year mentioned in the text?

What does the speaker suggest about the future of oil demand in relation to climate change?

What are the potential impacts of a trade dispute between the US and China on oil demand?