Ruehl: Oil Demand May Peak Before Decade End

The video discusses the slow recovery of oil demand post-COVID due to efficiency improvements, OPEC's role in understanding these dynamics, and the potential peak in oil demand. It also covers the current gas market situation, highlighting price volatility and the globalization of gas markets. The challenges and costs associated with the energy transition are examined, emphasizing the need for political support. Finally, the video explores the impact of North Stream 2 on gas supply in Europe.

What are the reasons for the slower recovery of oil demand compared to global GDP levels in 2021?

How have efficiency improvements affected the amount of oil needed to generate the same level of global GDP?

What potential consequence could arise if oil demand peaks before the end of the decade?

In what ways are gas markets changing, and what implications does this have for energy supply?

What challenges are associated with the energy transition and decarbonization efforts?

How do high energy prices impact low-income households, and what historical events illustrate this?

What role does diversity in energy supply play in ensuring security of supply?