Crude Could Hit $150 Barrel If Markets Tighten: EA's Sen

The video discusses the potential European oil embargo on Russia and its impact on oil prices. It covers the issues with natural gas payments in rubles and the constraints on US oil production due to capital discipline and oilfield services. The potential for Venezuelan oil to enter the market is explored, along with the constraints in refining capacity and possible solutions.

What is the significance of the meeting on the 30th and 31st of May in Brussels?

How might the lifting of sanctions on Venezuela affect oil production?

What factors are contributing to the constraints in refining capacity?