Amrita Sen: OPEC Deal a Wake Up Call to Skeptics

The transcript discusses a significant OPEC deal where delegates agreed on a production cut of 32.5 million barrels per day. This decision is seen as a positive move to rebalance the oil market, benefiting oil-exporting countries. Indonesia's exclusion from OPEC is clarified, affecting the overall production numbers. Non-OPEC countries like Russia are also contributing to production cuts. The implementation and monitoring of the deal involve a high-level committee. Future oil prices are predicted to rise, potentially reaching $60 per barrel.

What was the initial sentiment among delegates before the OPEC deal was reached?

• Indifferent

• Pessimistic

• Confused

• Optimistic

Why was Indonesia's baseline excluded from the OPEC production cut?

• Indonesia is a net importer of oil

• Indonesia refused to comply

• Indonesia's production is too low

• Indonesia is a new member

Which non-OPEC country agreed to cut 200,000 barrels per day?

• Mexico

• Canada

• Azerbaijan

• Russia

What is the expected duration of the OPEC deal as discussed?

• One year

• Six months

• Indefinite

• Three months

What is the potential highest price per barrel of oil after the deal?

• $65

• $50

• $55

• $60