Oil Demand Has Been Driving the Prices Lower, Says Fat Prophets' Lennox

The transcript discusses the current state of the oil market, focusing on the shift from supply to demand concerns and its impact on prices. It highlights the potential for flat demand in 2019 and the role of OPEC in influencing oil prices through production cuts. The discussion also touches on the market's reaction to supply disruptions and the likelihood of reaching peak oil prices by the end of 2018.

What is the expected oil price trend for the next year as mentioned in the text?

What conditions does the speaker believe are necessary for OPEC to influence oil prices?