Oil’s Fundamental Value Is $65 to $70: Black Gold CEO

The video discusses the dynamics of oil market surplus and deficit, highlighting the expected trends for the upcoming year. It examines the impact of economic indicators like PMI and central bank policies on oil prices. The discussion extends to equity investments in the energy sector, noting potential undervaluation. Future oil price predictions are made, considering geopolitical risks and economic growth. The video also explores the potential for growth in emerging markets and the implications for oil supply and demand, particularly focusing on US shale production.

In what ways does the speaker suggest that emerging markets could impact oil demand?

What are the potential risks mentioned regarding US shale production next year?