Oil Poised to Move Higher, JTD Energy's Driscoll Says

The video discusses the impact of President Trump's decision not to extend waivers on Iran sanctions, tightening the oil market. It explores the market's reaction, predicting a rise in oil prices due to geopolitical tensions and supply disruptions in Libya and Nigeria. The role of OPEC and its potential response to these challenges is analyzed, considering the differing agendas of member countries like Saudi Arabia and Russia. The video concludes with a discussion on the complexities of balancing global oil markets amid these tensions.

What are the implications of Donald Trump's expectations regarding Saudi Arabia and UAE's oil production?

What challenges does OPEC face in balancing the oil markets?