OPEC Needs Steady Oil Price, Ayers Alliance's Barratt Says

The video discusses the challenges OPEC faces with compliance and non-compliance in oil production quotas. It highlights the desire of countries like Iran, Iraq, and Venezuela to see higher oil prices and the potential impact of trade wars on the market. The discussion also covers the role of major players like Saudi Arabia and Russia, and the effects of Chinese tariffs on the US oil market, particularly the widening discount between Brent and WTI.

What is a major concern for OPEC members like Iran and Iraq?

• Decreasing oil prices

• Reducing production

• Increasing oil supply

• Maintaining compliance

How might increasing oil production affect the market according to the video?

• It will stabilize prices

• It will increase demand

• It will have no effect

• It will put prices under pressure

What is a key factor that OPEC considers when deciding on oil production levels?

• The demand side of the market

• The number of member countries

• The level of global oil reserves

• The political stability of member countries

What impact do US-China trade tensions have on the oil market?

• They increase US oil competitiveness

• They stabilize global oil prices

• They decrease the Brent-WTI discount

• They make US oil less competitive

What is a potential consequence of introducing tariffs on US crude?

• It will boost US oil exports

• It will increase US market share

• It will widen the Brent-WTI discount

• It will decrease global oil prices