Cushing's Toudouze Says Oil Markets Are Close to Balance

The video discusses OPEC's strategy to maintain oil prices, highlighting President Putin's openness to extending output caps and the economic need for higher prices. It examines the impact of hurricanes on US oil exports and production, noting fears that have not materialized. The analysis of oil inventory and market balance suggests a closer equilibrium than expected. Finally, it explores investment strategies in oil infrastructure, emphasizing the midstream sector's price agnostic nature.

What mismatch is highlighted regarding the production and demand numbers for crude oil?

What is the significance of focusing on the midstream sector in the oil supply chain?