OPEC's Barkindo Plans Iraq Visit Over Output Plan

The transcript discusses the challenges OPEC faces in reaching an agreement on oil production cuts. Iraq is reluctant to cut production due to its economic needs and disputes OPEC's production figures. The transcript also covers the complexities of determining individual production levels and the upcoming OPEC meetings in Vienna, where technical groups will present their findings. The Gulf countries, along with Russia, are negotiating to manage production cuts, but the durability and specifics of any agreement remain uncertain.

What is the main reason Iraq is hesitant to cut its oil production?

• They want to increase their market share.

• They have surplus oil reserves.

• They need the income to fund a war.

• They are waiting for other countries to cut first.

What issue does Iraq have with the production numbers attributed to them by OPEC?

• They agree with the numbers.

• They think the numbers are too high.

• They have no opinion on the numbers.

• They believe the numbers are too low.

What did Iraq do to address the discrepancies in production numbers?

• They agreed with OPEC's numbers.

• They stopped exporting oil.

• They invited journalists to explain their methodology.

• They increased their production.

Which countries are referred to as the 'Gulf three' in the context of handling production cuts?

• Kuwait, Qatar, and Iraq

• Saudi Arabia, UAE, and Kuwait

• Saudi Arabia, Iran, and UAE

• Iraq, Iran, and Qatar

What is the role of Qatar in the current OPEC discussions?

• They are not involved in the discussions.

• They are leading the production cuts.

• They are acting as the president of OPEC.

• They are opposing the cuts.