OPEC Hoping to Seal Production Cut Deal With Russia

The video discusses the involvement of non-OPEC members, particularly Russia, in oil production cuts alongside OPEC members in Vienna. Russia plays a crucial role, committing to significant cuts, while Oman is the only other non-OPEC country to commit. Compliance and monitoring of these cuts pose challenges, with skepticism in the market about their effectiveness. Even if cuts are implemented, oil inventories are expected to build in the first half of the year, potentially leading to a market deficit and price increases in the second half.

Which country is considered the leader among the non-OPEC members in the oil production cut negotiations?

• Malaysia

• Mexico

• Russia

• Kazakhstan

What is one of the main challenges in verifying the compliance of oil production cuts?

• Estimating oil tanker loads

• Monitoring oil prices

• Counting the number of oil rigs

• Checking oil company profits

How long is it expected to take before the production cuts can be verified?

• 2 weeks

• 5 weeks

• 10 weeks

• 15 weeks

What is the expected market condition in the first half of the year despite the production cuts?

• Stable market

• Market deficit

• Price surge

• Inventory build-up

When is the market expected to turn into a deficit if the production cuts are followed through?

• December

• September

• March

• June