Vitol CEO Sees Oil at $100 for 'Prolonged Period'

The video discusses the dynamics of the oil market, focusing on the potential for $100 per barrel prices due to supply and demand factors. It highlights the constraints in supply, particularly from US shale, and the role of capital discipline in the industry. The impact of the energy transition on investment and market tightness is explored, along with geopolitical influences such as tensions between Russia and Ukraine. The video also examines the effects of high energy prices on consumers and businesses, particularly in Europe.

What challenges do companies face in making long-term investments in oil production?

How does the current oil price compare to historical prices, and what implications does this have?

In what ways do energy prices impact consumer behavior?

What are the expectations regarding Iranian oil supply in the near future?