Are Higher Oil Prices Here to Stay?

The video discusses the recent debate on inventory declines, highlighting the impact of Canadian supply disruptions on US inventories and the potential for higher OECD inventory levels. It also examines strong demand from emerging markets like India and China, driven by domestic production declines and increased gasoline consumption. Market forecasts suggest a balance in the second half of the year, with Saudi production expected to rise. The potential for increased US completion activity in 2017 is also noted, depending on oil prices.

Discuss the impact of Canadian supply disruptions on US supplies.

What is the anticipated effect of Saudi production on the market in the second half of the year?