Citi's Morse Says Bias Is to the Upside for Oil Prices

The video discusses the complexities of oil allocations from Iran, market volatility, and geopolitical concerns affecting supply from countries like Libya, Venezuela, and Nigeria. It explores potential price spikes and OPEC's strategic decisions in response to these challenges. The demand side is analyzed, considering refinery needs and economic factors. Finally, the impact of US political dynamics on OPEC is examined, highlighting potential legislative actions.

What is the expected refinery demand for crude oil in the upcoming months?

What are the long-term forecasts for oil demand according to the text?

How might the political landscape in the United States affect OPEC's decisions regarding oil production?