CIEA's Birol on China Oil Market, Demand, ESG

The video discusses the uncertainties in oil prices, focusing on China's economic reopening and its potential impact on global oil demand. It highlights the current oversupply in the oil market and the sensitivity of prices to changes in demand, especially in developing countries. The discussion also covers investment trends in fossil fuel companies, the potential impact of a recession on oil prices, and the role of the US Strategic Petroleum Reserve in stabilizing the market.

What price range is suggested as a good signal for consumers regarding oil prices?

What has been the trend in investment by oil companies in recent years?

How might a recession affect oil prices according to the discussion?