Optimism Is Key Word for OPEC Ministers in Vienna

The transcript discusses a potential joint cut in oil production by OPEC and non-OPEC members, with a focus on reaching an agreement. There is optimism about the consultations and the commitment from OPEC members. The mechanism of the cut and its impact on US shale oil profitability are considered. Decision-making will be based on member countries' economic interests and global economic growth.

What is the proposed joint cut of oil production by OPEC and non-OPEC countries?

• 4 million barrels

• 1 million barrels

• 2 million barrels

• 3 million barrels

What is the target production level mentioned in the agreement?

• Russian levels

• Nigerian levels

• Saudi Arabian levels

• Algerian levels

What is the general sentiment among OPEC members regarding the agreement?

• Uncertain

• Pessimistic

• Optimistic

• Indifferent

What is the expected impact on US shale oil if the oil price reaches 60?

• It will become profitable

• It will remain stable

• It will decrease in production

• It will become unprofitable

What are the OPEC ministers expected to consider in their decision-making process?

• Only their own country's interests

• The health of the global economic growth

• The interests of non-OPEC countries

• The price of gold