Gelder: Dec. Doha Meeting Weighs on OPEC Agreement

The video discusses OPEC's recent agreement and its potential impact on oil prices, highlighting key countries like Saudi Arabia and Iran. It speculates on how Trump's inauguration might affect Iranian sanctions and the oil market. The unpredictability of Trump's policies is analyzed, considering his campaign rhetoric and potential actions. The video also forecasts oil prices, considering factors like Libya, Nigeria, and US tight oil production.

What was the unexpected outcome of the OPEC meeting discussed in the video?

• A decision to increase oil production

• A decision to dissolve OPEC

• An agreement to cut oil production

• A plan to maintain current production levels

Why is Iran considered a significant country to watch in the context of the OPEC agreement?

• Because of its large oil reserves

• Due to its potential impact on US-Iran relations under Trump's administration

• Because it is the largest oil producer in OPEC

• Due to its recent economic reforms

What is a key characteristic of Donald Trump's policies as discussed in the video?

• They are unpredictable and volatile

• They are strictly aligned with his campaign promises

• They are focused solely on domestic issues

• They are highly predictable

What is one of the factors that could influence oil prices according to the video?

• The technological advancements in renewable energy

• The recovery of oil production in Libya and Nigeria

• The economic growth in China

• The stability of the European Union

What price level is considered necessary for US tight oil to be economically viable across many plays?

• Mid $50s and higher

• Between $45 and $50 per barrel

• Below $40 per barrel

• Above $70 per barrel