Oil Markets Eye Tight Global Supplies

The video discusses the recent improvements in oil demand and the controlled supply side. It highlights the drop in US crude output due to weather events like the Texas polar blast and Hurricane Laura. The Texas freeze significantly impacted shale production, causing a temporary loss of millions of barrels. However, most of the production has since recovered, indicating a temporary disruption.

How does the current supply situation compare to the previous steep drop in demand discussed six months ago?

What indications suggest that oil demand is improving?

What was the impact of the polar blast in Texas on oil production?

How much oil production was reported to have been lost due to the Texas deep freeze?

What percentage of the US oil production that was affected by the cold blast has come back online?