Oil Market to Return to Surplus in 2022, ING Says

The video discusses the oil market's potential surplus in the coming year, driven by non-OPEC supply growth, and its impact on prices. It also covers the influence of geopolitical events, such as the situation in Ukraine, on natural gas prices, highlighting the role of Russian gas and the Nord Stream 2 pipeline. Additionally, the video analyzes the metals market, focusing on China's construction slowdown and its effect on steel and iron ore prices, while predicting a rise in aluminium prices due to structural deficits.

What is the expected trend for the global oil market in the first quarter of next year?

• A significant deficit

• A balanced market

• A surplus

• A sharp increase in demand

Which factor is NOT mentioned as potentially affecting oil and gas prices?

• European lockdowns

• SPR release

• OPEC's new production strategy

• Iranian nuclear talks

How might geopolitical tensions in Ukraine impact gas prices?

• Stabilize prices through new agreements

• Increase prices due to supply disruptions

• Have no impact on prices

• Decrease prices due to increased supply

What is the expected status of the Nord Stream 2 pipeline this winter?

• Partially operational

• Fully operational

• Unlikely to come online

• Decommissioned

Which metal is expected to have a structural deficit and higher prices in 2022?

• Copper

• Aluminum

• Steel

• Iron ore

What has caused significant pressure on steel and iron ore prices in China?

• Rising demand

• New trade agreements

• Construction slowdowns

• Increased production

What is the expected average price of aluminum per ton in 2022?

• $3500

• $3000

• $2500

• $2000