Oil Market Is on a Razor's Edge, Says FGE's Fesharaki

The video discusses the impact of US sanctions on oil exports, particularly focusing on Iran. It explores how these sanctions affect global oil prices and market stability, with potential risks from geopolitical tensions in regions like Nigeria, Libya, and Venezuela. The video also analyzes the production capacities of major oil producers like Saudi Arabia and Russia, and the influence of US policies on oil prices. Finally, it considers the future of the oil market and the profitability of the oil industry.

How does the current US administration's policy on oil sanctions differ from previous administrations?

What is the expected impact of military confrontations on oil prices?

What are the implications of the lack of spare capacity in the oil market?