IEA Birol on Price Caps, Impact of China Rebound on Oil

The video discusses the impact of price caps on Russian crude products imposed by the EU, G7, and Australia, noting a 30% decline in Russian oil and gas revenues without major market disruptions. It also explores the uncertainties in oil markets, particularly the influence of China's economic rebound on global oil and LNG demand, which could lead to increased prices unless OPEC+ intervenes.

How has the decline in Russian oil and gas revenues impacted the global oil market?

What are the two main objectives that nations aimed to achieve with the price caps on oil and gas?

What uncertainties are influencing oil prices in 2023, particularly regarding China?

What implications could a strong rebound in the Chinese economy have on global oil and LNG markets?

Why has there not been a noticeable impact on oil prices from the recovery process in China yet?