Yergin: Oil Will Trade Around $50 in Second Half of Year

The video discusses recent market predictions by major banks, highlighting potential disruptions in oil production, particularly in Venezuela and Nigeria. It examines supply and demand dynamics, focusing on Saudi Arabia and Iran's roles. The video also analyzes oil price trends, considering US production and Saudi policies. Long-term production costs and investments are discussed, with emphasis on shale oil and deepwater projects. Finally, the impact of geopolitical tensions on OPEC and the oil market is explored.

What are the long-term replacement costs for oil production and how do they vary by region?

How does the geopolitical tension between Saudi Arabia and Iran impact the oil market?

What challenges does Nigeria face in its oil production and how does it compare to Venezuela?