Kuwait, Oman Cuts Push Oil to 18-Month High

The video discusses the OPEC agreement and its impact on oil production cuts, focusing on compliance by countries like Kuwait, Oman, and Saudi Arabia. Russia's role is highlighted as crucial, with expectations for significant production cuts. Iran's unique position in the agreement is explored, noting its limited capacity to increase production. The video also examines the supply-demand dynamics, emphasizing the potential for market rebalancing due to rising demand and OPEC's supply cuts.

Which countries have already complied with the OPEC production cuts?

• UAE and the UK

• Kuwait and Oman

• Russia and Iran

• Saudi Arabia and China

What is the key factor to watch regarding Russia's role in the OPEC agreement?

• Its ability to increase production

• Its compliance with the agreed production cuts

• Its influence on Iran's production

• Its collaboration with non-OPEC countries

What is unique about Iran's deal in the OPEC agreement?

• It can increase production without a ceiling

• It has a slightly different deal allowing slight production increase

• It must cut production more than other countries

• It is not part of the OPEC agreement

What is the expected rise in demand according to the IEA?

• 3 million barrels a day

• 500,000 barrels a day

• 2 million barrels a day

• 1.4 million barrels a day

How could the demand side of the equation impact the oil market?

• By decreasing the supply of oil

• By increasing the market balance

• By providing impetus to the market

• By stabilizing oil prices