Paolo Scaroni Sees Oil Price Continuing to Trend Upward This Year

The video discusses the current trends in the oil market, highlighting reduced volatility but rising prices due to geopolitical issues in countries like Venezuela, Iran, Iraq, and Libya. It explores Saudi Aramco's IPO challenges and the concept of peak oil, noting strong investor interest in bonds. The discussion also covers shale oil investments in the US and Argentina, and the strategic alliance between Russia and Saudi Arabia to stabilize oil prices. The political crisis in Venezuela is examined, emphasizing the military's role in maintaining Maduro's power and its impact on oil production.

What is the expected trend for oil prices in the coming years as mentioned in the discussion?

In what ways could the military's support influence the political situation in Venezuela?