Brent Crude's Slide Deepens on Trade War Demand Concerns

The video discusses the current market focus on global economic prospects, trade wars, and oil demand, highlighting a recent decline in crude prices. It examines demand forecasts, noting that JP Morgan and the International Energy Agency have adjusted their growth numbers. Concerns about oversupply and OPEC's potential need for deeper supply cuts are addressed. The video also explores current demand trends, noting strong demand during the US driving season but identifying weaknesses in industrial sectors like chemicals and lubricants.

How is the US shale production expected to change in the coming years?

What signs of demand weakness are mentioned in relation to the chemicals business?