Best of Bloomberg Intelligence (08/03/2022)

The video discusses the challenges in oil production due to limited spare capacity, primarily in Saudi Arabia and the UAE. It highlights ongoing global supply issues exacerbated by a lack of investment, which cannot be quickly remedied. Despite lower demand in the US, global consumption remains high. The video also covers the rebalancing of prices at the pump and the dynamics of gasoline and diesel markets, noting that while gasoline margins are compressing, diesel margins remain elevated due to industrial demand and geopolitical factors.

What are the main factors contributing to the limited spare capacity in oil production?

How does the current global oil consumption compare to production increases?

What impact does lower demand in the US have on global oil prices?

In what ways could diesel help alleviate issues related to Russian natural gas shortages?

What are the expected trends in gasoline and diesel margins according to the text?