IEA: Russia Could Extend Release of Emergency Oil Stocks

The video discusses OPEC's recent production increases and concerns over spare capacity, particularly in Saudi Arabia and the UAE. It highlights OPEC's decision-making process, emphasizing group cohesion and potential ties with Russia. The video also covers Saudi Arabia's production capabilities and the potential for extending emergency stockpiles. Challenges in the European energy sector, such as low river levels and refinery outages, are examined. Finally, the video addresses China's oil demand recovery amid COVID-19 lockdowns, projecting a strong recovery in 2023.

How does OPEC's cohesion affect its production decisions?

What challenges are faced by Central and Eastern Europe regarding fuel supply?

What is the expected trend for Chinese oil demand in 2023?