Prasad: India's Covid Surge Will Dent Oil Demand

The video discusses the impact of geopolitical tensions in the Middle East on oil prices, highlighting the potential for increased energy risks due to conflicts affecting storage facilities. It emphasizes the importance of the UN Security Council's efforts towards a ceasefire. The discussion also covers the geopolitical risk premium on oil prices, considering factors like Iran's nuclear negotiations and fragile demand recovery. The video further explores the demand and supply dynamics, particularly the impact of COVID-19 on oil demand in OECD countries. Lastly, it addresses the challenges faced by the MENA region in achieving economic recovery, focusing on vaccination efforts and the WHO's approval of Sinopharm.

What role does the vaccination phase in OECD countries play in global oil demand?

What challenges does the MENA region face in terms of economic recovery?

How does the approval of Sinopharm by the WHO impact vaccine distribution?