Oil Prices Have a Bit More Room to Fall: Mahesh

The video discusses the unexpected bear market in oil prices, driven by weaker market fundamentals and poor economic data from China. It highlights the need for supply side adjustments, particularly from OPEC, to stabilize prices. The upcoming OPEC meeting is crucial for determining future output cuts. The Asian market is a key player in absorbing the oil surplus, but demand is not as strong as expected, complicating the market balance.

What are the implications of the surplus of crude oil in the Atlantic Basin?

How are Asian refineries currently positioned in the global oil market?

In what ways has the demand for oil in Asia changed recently?