Gammel: Oil Demand Quite Healthy Right Now

The video discusses the current state of global oil demand and supply, highlighting issues on the supply side, particularly with refined products. It analyzes the oil price range, predicting a bearish market in the short term but a potential breakout in the fourth quarter. The impact of downstream dynamics on refining margins is explored, with a focus on regions like Singapore and the Atlantic basin. Finally, the video examines geopolitical factors affecting oil supply, with Libya and Saudi Arabia being key areas of interest.

What is currently more influential on the oil market than crude oil?

• Refined products

• Coal

• Renewable energy

• Natural gas

What is the expected market trend for oil in the next few weeks?

• Volatile

• Bearish

• Stable

• Bullish

What is causing downward pressure on refining margins?

• Higher production costs

• Downstream dynamics in Singapore and the Atlantic basin

• Decreased demand for gasoline

• Increased crude oil prices

Which country is considered a significant unknown in terms of oil supply?

• Venezuela

• Iraq

• Iran

• Libya

What is the expected impact of Saudi Arabia on oil supply?

• No change

• Significant increase

• Significant decrease

• Relatively small movement