Oil Prices Will Weaken Into September, Says JBC Energy’s Gorry

The video discusses the fluctuating oil prices influenced by economic and geopolitical factors. It highlights Saudi Arabia's strategy to manage production and its impact on the market. OPEC Plus's role in providing forward guidance and the challenges posed by US shale production are also examined. The discussion includes predictions for future oil prices and the ongoing debate between maintaining market share and keeping prices high.

What factors are contributing to the current volatility in oil prices?

What is the expected trend for oil prices as we move into the months of September, October, and November?

How is Saudi Arabia planning to manage its oil production in response to market conditions?

What role does OPEC play in the current oil market dynamics?

Discuss the implications of US shale oil production on the global oil market.