What's in Store for Oil Prices in 2021?

The video discusses the volatility in the oil market due to OPEC's decisions, demand and supply factors, and geopolitical issues. It highlights the impact of OPEC's monthly meetings, the weak dollar, and COVID-19 on oil prices. The supply side is influenced by Iran's actions and potential changes under the Biden administration. OPEC's strategies consider the re-entry of Iranian oil and production changes within the group. Post-COVID trends, such as reduced public transportation use and increased demand for plastics, are also examined.

What role does the demand for diesel play in the current oil market situation?

How might the Biden administration's policies affect Iranian oil production?

What are the long-term trends in oil demand related to public transportation and plastics?