Making Sense of Energy Markets

The video discusses the impact of the coronavirus on global oil demand, highlighting JP Morgan's forecast cuts, particularly in China. It addresses the uncertainty surrounding recovery prospects and the potential for increased spending post-crisis. The long-term oil price outlook is examined, with a focus on potential risks and the use of $60 Brent in modeling. The video also covers US shale growth, spending trends, and the challenges of maintaining oilfield production amid declining rates.

Discuss the long-term oil price modeling used by JP Morgan analysts.

What implications does the decline in US shale spending have on future oil supply?