Dr. Anas Alhaji discusses discrepancies in oil demand outlooks for 2024, challenges due to data quality issues, and the impact of new major refineries on medium sour crude prices. The chapter also explores recent developments in Iran, focusing on the mysterious death of the President and potential consequences for oil prices and geopolitical stability. It analyzes the complex dynamics between the US, Iran, Russia, China, and Saudi Arabia, highlighting strategic decisions impacting oil markets and reserves.