Oil Market Very Sketchy, Volatile, Equinor's Waerness Says

The video discusses the current volatility in the oil market, influenced by factors such as sanctions on Iran, trade wars, and limited spare production capacity. It highlights the uncertainty in predicting oil prices, with potential fluctuations between $60 and $100 per barrel. The discussion also covers the dynamics of supply and demand, noting the impact of geopolitical factors and economic growth on oil production and consumption.

What role do sanctions play in the current oil market dynamics?

Discuss the supply-demand dynamic in the oil market as mentioned in the text.