OPEC+ Will Position to Extend Production Cuts: Beveridge

The transcript discusses the ongoing drama in OPEC meetings, focusing on production cuts and compliance issues among members. It highlights the risks of a no-deal scenario, particularly with Iran's potential impact on oil prices. Internal tensions within OPEC, especially between the UAE and Saudi Arabia, are also addressed. The market's expectations for oil prices, influenced by investor sentiment and the potential impact of a vaccine on mobility, are explored.

What is the expected outcome of the OPEC meeting regarding production cuts?

• Maintain current production levels

• Extend production cuts

• Increase production

• Abolish production cuts

What is a potential risk if no deal is reached in the OPEC meeting?

• Stability in oil prices

• Increase in oil prices

• No impact on oil prices

• Decrease in oil prices

How might the new Biden administration affect Iran's oil exports?

• Lift sanctions

• Introduce new sanctions

• Increase sanctions

• Maintain current sanctions

What is causing tensions within OPEC, particularly between the UAE and Saudi Arabia?

• Competition in oil exports

• Different political ideologies

• Non-compliance with production cuts

• Disagreements over oil prices

What factor is expected to drive oil demand recovery in 2021?

• Technological advancements

• New trade agreements

• Vaccine rollout

• Increased production