Oil Market Will Face Challenges in Coming Year, Says Saxo Bank’s Hansen

The video discusses the current volatility in the oil market, influenced by geopolitical risks and tweets from political figures. It highlights the impact of shale production on market stability and the short-lived effects of geopolitical events. The discussion also covers the structural issues affecting demand growth, particularly in the automotive sector, and the challenges OPEC faces in maintaining production levels amidst geopolitical tensions and production declines in countries like Venezuela and Iran.

Discuss the impact of shale production on the oil market as described in the text.

What are the potential long-term challenges for oil demand mentioned in the text?