OPEC+ Expected to Boost Supply in Tighter Oil Market

The video discusses the expectations from an OPEC meeting, where a consensus suggests an increase in crude production by 400,000 barrels per day. Key points include the potential for OPEC to keep the meeting in session, allowing quick decision changes, and the impact of a predicted surplus on oil prices. Despite the surplus, OPEC remains optimistic due to low global inventories.

What is the expected increase in crude production by OPEC next month?

• 600,000 barrels a day

• 800,000 barrels a day

• 400,000 barrels a day

• 200,000 barrels a day

Why might OPEC keep the meeting in session?

• To invite more participants

• To delay the production increase

• To extend the meeting duration

• To allow for quick decision changes

What is one of the technical aspects traders are interested in during the OPEC meeting?

• The location of the meeting

• The duration of the meeting

• Whether a press conference will be held

• The number of attendees

What is OPEC's prediction for the first quarter regarding supply?

• A supply deficit of 1.4 million barrels per day

• A balanced supply and demand

• An oversupply of 1.4 million barrels per day

• A decrease in production

Why is OPEC not overly concerned about the predicted surplus?

• Because of increased demand

• Due to low global inventories

• Because of high global inventories

• Due to new production technologies