Oil Could Trade Above $90 on Lost Iran Supply, Says Analyst Sen

The video discusses the impact of US rhetoric on Iran on oil prices, predicting upward pressure due to potential supply disruptions. It examines Saudi Arabia's plans to increase oil production and the market's concerns about spare capacity. Additionally, it highlights global oil supply challenges, including issues in Venezuela, Angola, Libya, and Nigeria, which could exacerbate the situation.

What is one of the main reasons for the anticipated increase in oil prices by the end of the year?

• Decrease in US oil exports

• Clearing of prompt overhang in the Atlantic Basin

• Increase in Iranian oil exports

• Reduction in global oil demand

What is the market's concern regarding Saudi Arabia's plan to increase oil production?

• Environmental regulations

• High production costs

• Insufficient spare capacity

• Lack of demand for additional oil

How did Saudi Arabia's fluctuating production numbers affect the market?

• It led to increased investments

• It caused market panic

• It had no impact

• It stabilized the market

What is the expected reduction in Iranian oil exports?

• 500,000 barrels per day

• 1.5 to 1.6 million barrels per day

• 2 million barrels per day

• No reduction expected

Which countries, besides Iran, are facing oil production challenges?

• Russia and China

• Venezuela, Angola, Libya, and Nigeria

• Australia and India

• Canada and Mexico