Gammel Says Oil 'Could Get a Bit of Correction'

The transcript discusses the current market position and high expectations ahead of an OPEC meeting, with concerns about oversupply in the US market. It highlights political risks affecting oil prices, potential corrections, and the role of speculators. The discussion covers demand and supply fundamentals, emphasizing strong demand growth and OPEC's adherence to quotas. Historical price dynamics are reviewed, noting the impact of the financial crisis and US supply changes on oil prices.

What factors are contributing to the high expectations ahead of the OPEC meeting?

How has the situation in northern Iraq affected oil prices?

Discuss the impact of synchronized global growth on oil demand.

What role does OPEC adherence to quotas play in the oil market?

What were the reasons for the price of oil reaching $100 a barrel in the past?