Goldman Sachs Sees Oil Heading to $100 a Barrel by 3Q

The video discusses the current dynamics in the oil market, focusing on the stable supply and fluctuating demand due to potential recession and China's reopening. China's reopening is expected to significantly increase oil demand, potentially driving prices up to $100 per barrel. The EU's price cap on Russian oil and the upcoming embargo on Russian diesel exports are also examined, highlighting their potential impact on global energy markets. The video emphasizes the tight global diesel inventories and the potential for higher refining margins due to these geopolitical changes.

What impact is the Russian product embargo expected to have on the energy market?

How has the global diesel inventory situation changed since the pandemic started?