BofAML’s Blanch: Brent Could Hit $70 in 2020 If Demand Recovers

The video discusses the impact of supply disruptions on oil prices, highlighting significant losses from OPEC, Venezuela, and Iran. It predicts future oil prices, considering potential demand rebounds and OPEC's production cuts. The video also examines the slowing growth of US shale production and the rise of non-OPEC, non-shale oil sources like Norwegian and Brazilian oil. Finally, it addresses demand-side factors and the influence of IMO 2020 on fuel markets.

What new sources of oil production are expected to come into the market next year?

How might the demand for oil change in the first half of next year?