Cohen: 2-3 Million Oil Barrels Per Day Lost to Disruption

The video discusses the impact of Kazakhstan's oil field on OPEC and non-OPEC oil supplies, highlighting the challenges faced by companies like Chevron. It also examines global oil supply disruptions due to conflicts in regions like Libya, Iraq, and Sudan, estimating a potential return of 2 to 3 million barrels per day. The economic implications of sustained low oil prices are explored, emphasizing reduced revenue for oil-producing countries and its effect on global trade.

What factors contribute to the low oil prices discussed in the text?

What is the expected impact on oil-producing countries due to low oil prices?