Demand for Oil Relatively Robust, Says JPMorgan's Darling

The video discusses the current state of the oil market, highlighting supply risks from Iran and geopolitical factors like Nigeria and Venezuela. It covers oil price forecasts, with scenarios ranging from $85 to $90 per barrel. The discussion includes the impact of US shale production and infrastructure constraints. Investment trends show a shift towards rewarding free cash flow over production growth.

What is one of the main reasons for the recent increase in oil prices?

• Increased oil production in Venezuela

• Lower refining margins

• Supply risks from Iran

• Decreased demand for oil

According to JP Morgan, what is the expected average oil price for the next year?

• $70

• $85

• $100

• $60

Which country is mentioned as having unplanned maintenance affecting oil production?

• Russia

• Canada

• Saudi Arabia

• Nigeria

What is the debated range for spare capacity in the oil market?

• 4 to 5 million barrels a day

• 3 to 4 million barrels a day

• 2 to 3 million barrels a day

• 1 to 2 million barrels a day

What shift in investor focus is affecting oil production investment?

• From exploration to infrastructure development

• From financial returns to production growth

• From production growth to financial returns

• From infrastructure development to exploration