Oil Demand at Pre-Pandemic Levels, Bobby Tudor Says

The video discusses the dynamics of the oil market, focusing on OPEC's role, the impact of COVID-19 on oil demand and prices, and the potential for backwardation in future oil markets. It highlights the influence of global GDP on oil demand and examines how changes in travel patterns, particularly in business and leisure travel, affect oil consumption. The video concludes with an analysis of Chevron's investment strategies and its ability to balance shareholder returns with production growth.

What are the potential structural changes in corporate travel spending post-pandemic?

How has the pandemic affected business travel and its implications for jet fuel demand?

What is the significance of Chevron's performance in the current oil market?