Goldman's Della Vigna Sees a 'Very, Very Tight' Oil Market

The video discusses the impact of trade tensions on oil demand, emphasizing the role of GDP in maintaining strong demand. It highlights supply challenges from countries like Venezuela and Iran, and infrastructure constraints in the US. The discussion covers future oil market projections, big oil's strategic position in megaprojects, and cost reductions in deep water and LNG projects. It evaluates big oil's market position and investment opportunities, and concludes with BP's potential with BHP shale assets and the importance of a balanced portfolio.

What factors contribute to the strength of oil demand according to the text?

How is the supply side of the oil market expected to change in the near future?

What role do geopolitical factors play in the oil supply according to the discussion?

What strategies should big oil companies adopt in a tight market?

What is the significance of the term 'structural backwardation' in the context of oil prices?

How have the costs of deep water and LNG megaprojects changed since their peak?

In what ways can BP leverage its shale assets for production growth?