Pre-Covid Oil Demand Won’t Return Before 2022: Nigeria’s NNPC

The video discusses the impact of COVID-19 on global oil demand, predicting a slow recovery to pre-pandemic levels by the end of 2022. It highlights changes in consumer habits and transportation needs, and the emergence of a new middle class in developing regions. The risks associated with shell oil production and the cautious approach of producers are examined. The role of OPEC+ and its significance for Nigeria's oil production and revenue are analyzed. The video also covers Nigeria's compliance with production cuts and future plans. Finally, it explores the potential impact of the Biden administration on global oil and energy policies, emphasizing environmental goals and carbon footprint reduction.

What are the expectations for compliance with production cuts in Nigeria?

What role does the Biden administration play in the oil industry according to the speaker?

How does the speaker view the relationship between environmental concerns and oil production?