Morning Meeting: What's Next for Oil?

The video discusses the impact of Brexit on the oil market, noting that while Brexit poses some risk, it is containable. The market is experiencing a balance due to non-OPEC supply declines and strong demand growth, particularly in Asia. China and India are key players, with India showing significant growth. The US dollar's strength may slightly reduce demand. Non-OPEC supply, especially from the US and Latin America, is declining, but potential supply increases from Canada and Nigeria could affect prices. Overall, the market is expected to stabilize with oil prices supported at $50 per barrel by the fourth quarter.

In what ways is India's oil demand growth expected to compare to China's this year?

What are the implications of non-OPEC supply declines on the oil market?