IEA's Birol Sees Robust Oil Demand Growth, Tight Supply

The video discusses the impact of emerging markets on global oil demand, highlighting issues in Venezuela, the Middle East, and other regions. It explores potential oil price increases due to these factors and the role of US shale production and export capacity. The discussion also touches on trade disputes and their potential impact on oil demand, particularly in China. The video concludes with an outlook on future oil market conditions, emphasizing the need for increased production to stabilize prices.

What factors could lead to further upward pressure on oil prices?

How might US shale production influence global oil markets?

What strategies are emerging countries using to cope with rising oil prices?