Citi's Morse Says Oil 'Nowhere Near' $100 Scenario

The video discusses the potential for $100 oil prices, considering supply disruptions in countries like Iran, Iraq, Libya, and Nigeria. It compares the current situation to the 2008-2009 oil price collapse, highlighting the role of financial flows and market uncertainties. The video also examines US production growth and market balance, with a focus on demand trends in China and India, suggesting a balanced market with no significant inventory changes.

What conditions are necessary for oil prices to reach $100 a barrel?

• Decreased demand in China

• Stable market conditions

• Supply disruptions in multiple countries

• Increased production in the US

What historical event is referenced regarding oil price collapse?

• The 2020 pandemic impact

• The 2008-2009 financial crisis

• The 2014 oil price crash

• The 1990 Gulf War

What is the current state of the oil market according to the transcript?

• Fairly balanced market

• Significant inventory draw

• High inventory build-up

• Complete market stability

How does the transcript describe China's current demand growth?

• Rapidly increasing

• Formidable and compensating for past declines

• Minimal and declining

• Unchanged from last year

What is the expected range of growth in India's oil demand?

• 3 to 400,000 barrels a day

• 500,000 barrels a day

• 2 million barrels a day

• 1 million barrels a day