OPEC Focus Moves From Freeze to Output Ceilings

The video discusses the anticipated outcomes of the upcoming OPEC meeting, with expectations of no significant changes in oil production policies. It analyzes global oil inventory trends, highlighting increased inventories and the impact of refinery maintenance. The discussion also covers production dynamics, noting declines in US production and increases from countries like Saudi Arabia and Iran. Finally, it projects a modest growth in oil demand for 2017, considering slowing global GDP growth.

What are the anticipated trends in oil demand heading into 2017?

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What role do external factors, such as GDP growth, play in oil demand forecasts?

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