Scotiabank Boosts Oil and Base Metals Price Outlook

The video discusses oil market trends, focusing on West Texas Intermediate prices and OPEC's role in market rebalancing. It highlights the challenges faced by US shale producers, including costs and labor issues, and provides an outlook for Canadian oil production. The video also covers base metals, with a focus on copper's changing market dynamics and price forecasts.

What is the expected average price for West Texas Intermediate in 2018 according to the firm?

• $55.00

• $65.00

• $58.00

• $61.00

Why is OPEC's compliance expected to be higher this time compared to past deals?

• Reduced global demand

• Technological advancements

• Increased political capital and market downturn severity

• Higher oil prices

What is one of the main challenges US shale producers face in increasing production?

• High labor costs and shortages

• Lack of technology

• Government regulations

• Environmental concerns

What is the expected growth in Canadian oil production this year?

• 100,000 barrels a day

• 50,000 barrels a day

• 200,000 barrels a day

• 150,000 barrels a day

What has caused the change in the copper market outlook according to the transcript?

• Government interventions

• Technological advancements in mining

• Producers cutting marginal projects and supply dynamics

• Increased demand from China