OPEC+ Can't Meet 400,000 B/D Output Hike Target: Yergin

The transcript discusses the challenges in increasing oil production due to capacity limits in certain countries, leading to a tight oil market. It speculates on oil prices reaching $100 per barrel amid geopolitical tensions, particularly involving Ukraine and Russia. The potential impact of sanctions and the role of US oil production in stabilizing the market are explored. The causes of market volatility, including demand recovery and underinvestment, are explained. Finally, Iran's potential role in stabilizing the market if sanctions are lifted is considered.

In what ways could a resolution to the Ukraine situation impact oil prices?

What are the underlying reasons for the current volatility in the oil market?

How does the relationship between the U.S. and Iran potentially influence oil supply?