Sanford C. Bernstein Neil Beveridge on Oil Outlook

The video discusses the current risk premium in oil due to geopolitical tensions, particularly in Ukraine, and the impact of low oil inventories. It explores the potential effects of Iranian oil returning to the market and the growth in demand as COVID-19 restrictions lift. Predictions on oil prices are made, considering possible Russian actions and US shale production. The video also examines investment trends in the oil industry, highlighting a shift towards short-cycle production and the impact of the energy transition. Finally, it addresses the recovery of oil demand to pre-COVID levels and the long-term outlook for the oil market.

What impact has the energy transition had on investment levels in the oil industry?

When is the demand for oil expected to return to pre-COVID levels according to the analysis?

What are the potential economic implications of oil prices reaching $150 a barrel?