JPMorgan See Brent Crude Around $90 in 2023, $98 in 2024

The video discusses the volatile oil market, focusing on the impact of COVID-19 in China and energy security issues in Europe. It outlines a base case for gradual reopening in China, predicting a cautious growth in oil demand. The video also covers the EU's sanctions on Russian oil, the potential impact of a G7 price cap, and forecasts for oil prices in 2023 and 2024. The discussion includes the availability of vessels to transport Russian oil and the potential disruptions in supply.

What factors contribute to the volatility in the oil market as discussed in the text?

How does the reopening of China impact global oil demand forecasts?

What is the base case for oil demand growth in 2023 according to the text?

What are the expected implications of the European Union's oil price cap on Russian oil?

What is the significance of the OPEC plus meeting and EU sanctions on Russian oil?

What is the projected impact on Russian oil production by the middle of 2023?

How might stricter sanctions affect Brent oil prices according to the discussion?