What's Driving the Price of Oil?

The video discusses market trends and investor concerns, focusing on the decline in prices from 2015 to 2016. It highlights oil supply disruptions in Nigeria and Iraq, and the temporary nature of these issues. The video also examines supply side adjustments, particularly the role of OPEC and US supply changes. Financial challenges, including the redetermination period and capital expenditure cuts, are explored. Finally, the video addresses the lag in production and its impact on the market, emphasizing the backlog of wells and rig count reductions.

What is the significance of the redetermination period for banks and oil companies in 2016?

How does the lag between capital expenditures and production cuts affect the oil market?