Barclays' Cohen: Oil Will Average $57 in 2017

The video discusses the impact of OPEC compliance and inventory levels on oil prices. It highlights the significance of inventory changes and market signals, predicting that oil prices will average $57 for Brent in 2017. The video also covers the economic impact of retail price changes, particularly in gasoline and heating oil, and discusses Saudi Arabia's strategy to adjust fuel prices as part of broader economic reforms and Vision 2030.

What is considered a key driver of oil prices according to the discussion on inventories?

• The type of crude oil stored

• The geographical location of inventories

• The speed and direction of inventory changes

• The absolute level of inventories

What is expected to happen to oil prices in the first half of the year?

• They will increase due to higher demand and stable supply

• They will remain stable

• They will decrease due to oversupply

• They will fluctuate unpredictably

Which regions are expected to experience significant inventory drawdowns?

• Middle East and Canada

• South America and Australia

• Asia and the US

• Europe and Africa

What is a potential consequence of OPEC's production cuts on retail prices?

• Increase in retail prices

• No change in retail prices

• Decrease in retail prices

• Retail prices will vary by country

Why did Saudi Arabia decide to increase retail fuel prices?

• To address social unrest and economic challenges

• To adjust to US supply changes

• To increase government revenue

• To compete with other oil-producing countries