Saudis Said to Dismiss Algiers Deal

The transcript discusses the current status of OPEC's supply agreement talks, highlighting that no deal is expected soon. It covers pre-meeting discussions, market dynamics, and Saudi Arabia's proposal to reduce production. Budgetary concerns and market share issues are also addressed, emphasizing Saudi Arabia's influence in OPEC. The potential outcomes of the upcoming meeting are explored, with a focus on Saudi-Iran relations.

What is the current expectation regarding the OPEC supply agreement this week?

• The meeting has been canceled.

• Russia will lead the discussions.

• No deal is expected this week.

• A deal is expected to be finalized.

What is the main reason for the imbalance in the oil market according to the second section?

• Russia's increased participation.

• Increased demand worldwide.

• More supply than demand.

• OPEC's reduced production.

What proposal did Saudi Arabia make for the first time in about two years?

• Cancel the upcoming meeting.

• Invite Russia to lead the meeting.

• Take some production off the table.

• Increase oil production.

Which country is considered the most influential within OPEC?

• Iran

• Iraq

• Saudi Arabia

• Russia

What was a significant factor in the failure of the previous agreement in Doha?

• Lack of agreement between Saudi Arabia and Iran.

• Russia's refusal to participate.

• Increased oil demand.

• OPEC's unanimous decision.