Yergin: Disruptions Eating at the Oil Market

The video discusses the rapid changes in the oil market, highlighting the decline in US production and the impact of global disruptions like those in Venezuela and Nigeria. It covers forecasts from major banks predicting lower prices due to refinery maintenance and increased supply from the Middle East. The discussion also touches on the short-term rise in prices and the long-term expectations of stabilization. The US is seen as a swing producer, with production expected to stabilize at lower levels, while producers adapt to lower costs.

Discuss the role of Saudi Arabia and Iran in the current oil supply situation.

What are the predictions for U.S. oil production in the second half of the year?