Energy Market Assesses Trump Win

The video discusses the current state of the oil market, focusing on the balance of supply and demand. It examines the potential impact of OPEC's decisions and the new US president's energy policies, which are pro-fossil fuels and aim to expand both upstream and midstream sectors. The discussion also covers the challenges of processing light crude and the implications of increased US oil production on global prices. Finally, it assesses the likelihood of an OPEC and non-OPEC deal, predicting potential price drops if no agreement is reached.

What is Bob Dudley's perspective on the current state of the oil market?

What are the expected policies of the new president regarding the oil industry?

How does the speaker view the potential impact of U.S. oil production on global oil prices?

What factors does the speaker believe will influence oil prices in the near future?

What are the implications of a failure to reach a deal between OPEC and non-OPEC countries?