Oil Expected to Keep Rising, FGE's Fesharaki Says

The video discusses the options for adjusting oil production in response to market conditions, including the impact of the Omicron variant and strategic reserves. It analyzes the current tight market situation, predicts future inventory surpluses, and explores potential price changes driven by virus developments and political conflicts. The decision to continue production at 400,000 barrels per day is seen as correct, with the market closely monitoring virus impacts.

What is the expected surplus of oil in January based on current production levels?

What are the potential drivers for oil price increases or decreases?