JPM's Kaneva sees $185 Oil Risk

The video discusses the potential impact of the European Union's decision to move away from Russian oil, which could lead to a significant price increase. It explores alternative measures like price caps and taxes, and their complexities. The video also analyzes global demand and supply dynamics, focusing on China's demand drop and strategic petroleum reserve releases. It highlights the impact of these releases on market balance and the future outlook for 2023. Additionally, it covers shale growth, political implications, and supply challenges faced by US producers.

What role do strategic petroleum reserves (SPR) play in balancing the oil market?

What is the significance of the oil sector heading for its best margin since 2008?

What challenges do US oil producers face that limit their ability to increase supply?