Oil Market Should Be Careful on Pricing In Iran Risk: Energy Aspects

The video discusses the current state of oil prices, highlighting the impact of geopolitical risks such as sanctions in Iran and Venezuela. It examines market reactions, particularly the time spreads in WTI and Brent, and the concept of backwardation. The discussion also covers demand concerns, including the US-China trade conflict and potential actions by OPEC, especially Saudi Arabia. The upcoming OPEC meeting is expected to be crucial, with decisions likely postponed to June, affecting future supply and market dynamics.

What concerns are raised regarding OPEC's potential actions in the upcoming meeting?

What might be the implications for the oil market if prices do not increase before the June meeting?