Amrita Sen: Oil May Hit $20s If No OPEC Deal

The transcript discusses the uncertainty surrounding an OPEC deal, highlighting the challenges and expectations for upcoming meetings in Moscow. It explores Saudi Arabia's position on oil cuts, emphasizing the political dynamics with Iran and Iraq. The potential market implications of failing to reach a deal are also considered, with concerns about oil prices and the perception of OPEC's effectiveness.

What is the main reason for the uncertainty surrounding the OPEC deal?

• Lack of interest from member countries

• High expectations and lack of details

• Low oil prices

• Political stability in the region

What is the significance of the meeting in Moscow?

• To involve Russia in the negotiations

• To exclude Iran from the deal

• To discuss oil prices with the US

• To finalize the OPEC deal

Why is Saudi Arabia hesitant to make unilateral cuts?

• They are waiting for US approval

• They want other countries to share the burden

• They have already made significant cuts

• They want higher oil prices

What is the main issue with Iran's production proposal?

• It is based on outdated data

• It is not supported by other OPEC members

• It is too low for market needs

• It exceeds their current production capacity

What could be the market's reaction if no deal is reached?

• Increased production from non-OPEC countries

• Oil prices will stabilize

• OPEC's influence will increase

• A sharp correction in oil prices