What is the Biggest Risk Event this Week?

The video discusses the current state of the oil market, focusing on OPEC's production cuts and their impact on oil prices. It highlights the volatility caused by excess oil in transit and the upcoming European deadline to stop Russian oil imports. The discussion also covers the potential effects of a global recession on oil demand, particularly from China, and the implications for other commodities like copper. Additionally, the video examines refining margins and the potential for lower inflation if China increases its exports of transport fuels.

What factors contribute to the uncertainty in oil demand as discussed in the text?

What are the implications of China's jet fuel demand on the global oil market?

How might lower inflation affect gold prices according to the discussion?