FGE Founder Fesharaki on OPEC, Oil Inventories

The video discusses the current state of the oil market, highlighting the surplus of oil and the role of OPEC in managing production levels. It examines the impact of US tight oil production and the potential for OPEC to deepen output cuts, with Saudi Arabia playing a key role. The discussion also covers the implications of oil prices on market dynamics, including the influence of the Saudi Crown Prince and the Aramco IPO. Technical analysis of oil prices is presented, indicating potential price movements. Geopolitical factors, particularly the relationship between Saudi Arabia and Iran, are also considered.

What is the primary reason for the current oversupply in the oil market?

• Increased demand from China

• US tight oil production

• Decreased production in OPEC countries

• Rising renewable energy sources

Which country is most capable of significantly reducing its oil production to influence market prices?

• Iran

• Nigeria

• Libya

• Saudi Arabia

What is the 'death cross' in the context of oil prices?

• A new oil drilling technology

• A significant increase in oil prices

• A technical indicator showing a potential price decline

• A sudden drop in oil demand

At what price per barrel do US tight oil producers start facing financial difficulties?

• $30

• $45

• $50

• $60

What is the potential consequence if OPEC does not cut production further?

• US tight oil production will increase

• OPEC will gain more market share

• Oil prices will drop below $40

• Oil prices will stabilize at $60