Oil Quickly Runs to $60-$70 in 2017: Pierre Andurand

The transcript discusses the crude oil market, focusing on the OPEC meeting and its impact. The speaker has been bullish since January, citing improved fundamentals and declining inventories. They express confidence in an OPEC cut, despite market skepticism. The discussion covers negotiations, market sentiment, and the role of Saudi Arabia in ensuring compliance. Concerns about market balance, investment cuts, and future oil prices are highlighted. The speaker predicts $60 oil by the end of the month and $70 next year, with potential for $100 oil towards the decade's end.

What long-term trends in investment and production are highlighted in the text?

What are the expectations for crude oil prices in the short term according to the text?

How do geopolitical factors, such as sanctions on Iran, influence crude oil prices?