Oil Hits Six-Month High on Goldman Call

The video discusses the challenges faced by banks in asset class forecasts, highlighting demand growth reported by the International Energy Agency. It covers significant oil supply disruptions in Canada and Nigeria, and the potential recovery of production. The video also explores the possibility of oil prices fluctuating due to ongoing supply issues in Libya, Iraq, and the neutral zone shared by Saudi Arabia and Kuwait.

What has the International Energy Agency reported about demand growth?

• No change in demand growth

• A decrease in full year demand growth

• An increase in first quarter demand growth

• A decrease in demand growth

What is the main cause of oil supply disruption in Canada?

• Natural disasters

• Government policy changes

• Temporary disruptions in oil sands

• Labor strikes

What complicates the oil supply situation in Nigeria?

• Trade disputes

• Economic sanctions

• Insurgency in the Niger Delta

• Environmental regulations

Which region is experiencing a standoff affecting oil production?

• Saudi Arabia

• Canada

• Nigeria

• Libya

What could lead to a potential oversupply in the oil market?

• Decreased demand in Europe

• New oil discoveries

• Resumption of disrupted production

• Increased demand in Asia