Goldman's Damien Courvalin on Commodity Supercycle

The video discusses the recent performance of the oil market, highlighting its 30% rise this year due to resilient demand and supply constraints. It examines OPEC's production strategies and the impact of shale earnings on market dynamics. The discussion extends to oil's role in inflationary pressures, considering the shift to electric vehicles and the ongoing reliance on diesel. The video also covers the base metals market, emphasizing copper's importance in green infrastructure and the broader commodity complex's reflationary trends.

Explain the relationship between inflationary pressures and oil consumption.

What role does diesel demand play in the current energy market?