OPEC Secretary-General Abdalla El-Badri: OPEC Is Working

The video discusses the role of OPEC in the oil market, highlighting its continued relevance as long as oil exists. It predicts market stabilization by the third quarter of the year, with Iraq's overhang being a significant challenge. Iran's stance on sanctions is firm, aiming to secure its market share and resist any new sanctions. The possibility of a production freeze is considered, but only after reaching pre-sanction production levels.

What is the perception of OPEC according to the speaker?

• A government body

• A cartel

• A benevolent organization

• A non-profit entity

What is the speaker's hope for the oil market by the third quarter?

• It will collapse

• It will stabilize

• It will turn around

• It will remain the same

What is the main issue affecting Iraq's oil market?

• Political instability

• Lack of resources

• Market overhang

• High production costs

What is Iran's stance on re-imposing sanctions?

• They will not accept it

• They will accept it

• They will negotiate

• They will increase production

What does Iran aim to achieve regarding its market share?

• Secure it as before sanctions

• Share it with other countries

• Reduce it

• Eliminate it