$85 Crude Is Citi's Base Case as Demand Falls: Morse

The video discusses the concept of recession, focusing on the supply-demand balance in the oil market. It highlights reduced demand expectations, particularly in transport fuels, and examines economic growth trends. The video also analyzes oil price projections, considering various factors like supply uncertainties and global economic conditions.

What does the term 'recession' mean in the context of economic discussions?

How has the demand for oil changed according to the speaker's analysis?

What factors are contributing to the downward trend in oil demand?

What is the speaker's base case prediction for oil prices?

What uncertainties does the speaker mention regarding oil supply?