Oil Market Will Rebalance Next Year, BP's Janet Kong Says

The video discusses the global oil market's supply concerns, focusing on disruptions in countries like Iran, Saudi Arabia, Venezuela, Libya, and Nigeria. It examines the market's transition from rebalancing to tightening, predicting a tight market in 2018 and a potential rebalancing in 2019. The discussion also covers the impact of the US-China trade war, which is expected to affect global GDP growth and oil demand more significantly in 2019. Despite current high oil prices, the market has not fully priced in the potential demand risks associated with the trade war.

What are the key concerns regarding oil supply mentioned in the text?

How is the global oil supply expected to change from rebalancing to tightening?

What factors are contributing to the tight oil market in the short term?

What potential impact does the US-China trade war have on the oil market?

What are the implications of the IMF's estimate on global GDP growth for oil demand?