RCMA's Coleman Says OPEC Needs to Extend Cuts

The video discusses Iraq's plans to increase oil production and the implications for OPEC quotas. It examines Russia's role in the OPEC deal and the impact of oil prices on market dynamics. The video also explores speculative positions in the oil market and the trends affecting them.

What is the main challenge Iraq faces in increasing its crude production capacity?

• Lack of technology

• Political instability

• Environmental concerns

• OPEC quotas

How has Russia's oil output changed recently?

• Increased by 5%

• Remained stable

• Decreased by 1.6%

• Increased by 2%

What is the market's warning to OPEC and non-OPEC countries?

• Invest in renewable energy

• Reduce prices

• Maintain supply-side restraint

• Increase production

What trend have money managers shown in their positions on WTI crude?

• Increased net short positions

• Reduced net long positions

• No change in positions

• Increased net long positions

What was the market's reaction to the idea of OPEC compliance?

• Complete rejection

• Immediate compliance

• Indifference

• Enthusiasm followed by disappointment