Vitol Sees Further Slowdown in Oil-Demand Growth, Uptick in 2020

The transcript discusses a new partnership between ADNOC and VTi, highlighting the strategic benefits of this collaboration. It explores ADNOC's ambitions to internationalize and expand its business, particularly in emerging markets. The conversation also touches on the current shareholding structure, trading relationships, and the impact of trade wars on petroleum demand. Additionally, it addresses market volatility, geopolitical risks, and the potential effects of sanctions on countries like Iran and Venezuela.

What is the primary reason for ADNOC joining the VTi family?

• To reduce operational costs

• To increase local production

• To expand into new markets

• To focus on renewable energy

How does VTi plan to support ADNOC's international ambitions?

• By focusing on local sales

• By reducing workforce

• By entering new markets together

• By providing financial aid

Which regions are VTi focusing on for growth?

• Australia

• Europe

• Emerging markets like Brazil, Turkey, and Pakistan

• North America

What has been the impact of trade wars on petroleum demand growth?

• No impact

• Decreased demand

• Stable demand

• Increased demand

What is a significant concern for the market due to US crude supply?

• Overproduction

• No production

• Underproduction

• Stable production

What is the expected growth in petroleum product demand for next year?

• 900,000 barrels a day

• 800,000 barrels a day

• 600,000 barrels a day

• 700,000 barrels a day

What is the potential impact of sanctions on Iran and Venezuela?

• Decrease in global supply

• Increase in local supply

• No change in global supply

• Increase in global supply

What is a major risk factor for the oil market in the Middle East?

• Environmental policies

• Technological advancements

• Geopolitical tensions

• Economic growth

How has the market reacted to the potential for supply interruptions?

• Overpricing the risk

• Underpricing the risk

• Ignoring the risk

• Accurately pricing the risk

What is the current status of China's purchase of US crude?

• Increased significantly

• Decreased significantly

• Stopped completely

• Remained stable