Citi Oil Veteran Says $20s Likely on Unique Demand-Supply Shock

The video discusses the challenges in the oil market, focusing on low oil prices, company strategies, and the impact of the coronavirus. Experts like Scott Sheffield and Ed Morris provide insights into market dynamics, production cuts, and the potential for a prolonged price war. The discussion also covers storage capacity issues, the role of major producers like Saudi Arabia and Russia, and the implications for global oil demand and supply.

What are the potential consequences for companies if oil prices remain low?

How does the price of oil affect production levels according to the discussion?

What factors contribute to the rebalancing of oil markets?

What role does the coronavirus play in the current oil market situation?

What are the implications of the storage capacity for oil in the current market?

How might the relationship between China and Saudi Arabia affect oil prices?

What are the expected outcomes for refiners in the coming months?