IEA's Fatih Birol Talks Oil Markets

Fatih Birol, Executive Director of the International Energy Agency, discusses the outlook for oil markets, including factors affecting demand and prices. He predicts a comfortable price evolution with moderate growth throughout 2024. The speaker also analyzes physical tightness, oversupply concerns, tensions in the Red Sea, and weakening Chinese demand. Additionally, he discusses the I.E.A.'s prediction of oil demand peak before 2030 due to clean energy initiatives and electric cars.