Energy Word's Dicker Says Prepare for Triple Digit Oil Prices

Energy Word's Dicker Says Prepare for Triple Digit Oil Prices

Assessment

Interactive Video

Business

University

Hard

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The video discusses the disparity in oil prices between major market players Vitol and Trafigura, highlighting the wide spread in market sentiment. It reviews the OPEC report predicting a growth in oil demand up to 2023, while also noting a reduction in demand forecasts for 2018-2019 due to weaker economic growth. The discussion includes concerns about supply issues due to insufficient investment and the potential impact of a global recession on oil prices, with projections suggesting a rise to triple-digit prices.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the OPEC report indicate about the demand forecast for 2018-2019?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential economic concern is mentioned that could affect the oil market?

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