Oil Is Set for Longest Run of Gains in 5 Years

The video discusses the recent OPEC meetings and their limited impact on the oil market. It highlights the end of the bust cycle and the potential for a boom cycle in oil prices, driven by increased global demand. The challenges of production, including technological advancements and financial constraints, are explored. The video concludes with predictions for the oil market's future trajectory and potential disruptions.

What was the main reason for the disappointment in the April OPEC meeting?

• Successful negotiations with Russia

• Failure to set production limits

• Increased oil production

• High oil prices

How much is the global oil demand expected to increase annually in 2016 and 2017?

• 1.5 million barrels per day

• 1 million barrels per day

• 2 million barrels per day

• 2.5 million barrels per day

Which country is NOT mentioned as facing a drop in capital expenditure for oil production?

• Iran

• Venezuela

• Russia

• Canada

What has significantly improved in US shale production?

• Oil prices

• Production limits

• Capital availability

• Efficiency

What could potentially disrupt the upward trajectory of oil prices?

• Increased production in the US

• Stable demand

• A global recession

• Technological advancements