FGE's Fesharaki Sees Oil Prices at Mid-$60 Level Next Year

The video discusses the potential rise in oil prices if production does not increase, highlighting the Saudi-UAE conflict's impact on OPEC's unity. It explores OPEC's strategies to manage production and stabilize prices, emphasizing the importance of reaching a compromise. The video also examines the incentives for OPEC to prevent further price hikes and the role of shale oil production in future market dynamics.

What is the potential impact on oil prices if production does not increase?

• Prices could rise to $80 or higher.

• Prices will fluctuate unpredictably.

• Prices will remain stable.

• Prices will decrease significantly.

Why is the Saudi-UAE conflict considered more damaging than previous OPEC-Russia strains?

• It involves a disagreement over production quotas.

• It is a disagreement over market share.

• It is a financial dispute.

• It is a conflict between two close allies.

What is the UAE's main argument for wanting to adjust its production base?

• They want to exit OPEC.

• They want to increase their market share.

• They want to reduce their production.

• Their production capacity is much higher than the agreed base.

What is the expected outcome of the ongoing negotiations within OPEC?

• A decision to maintain current production levels.

• A complete breakdown of talks.

• An agreement to increase production.

• A temporary compromise with a future review.

Why is it important for OPEC to reach a compromise on production levels?

• To prevent a decrease in oil prices.

• To avoid individual countries increasing production independently.

• To ensure a steady supply of oil.

• To maintain political stability within OPEC.

What is the 'sweet spot' for oil prices according to OPEC?

• $50-$60

• $60-$75

• $100-$110

• $80-$90

How might high oil prices affect OPEC's future?

• They will stabilize the global oil market.

• They will reduce OPEC's influence.

• They will lead to increased profits for OPEC.

• They will encourage more US shale production.