Saudi Energy Minister Al-Falih Says Oil Market Still Oversupplied

The transcript discusses the current state of OECD inventories and the guiding principles for returning stock levels to normal. It highlights the dialogue around Iran and sanctions, emphasizing the importance of inventory levels in guiding market balance. The consensus among 25 producing countries is to maintain the current course until June, with a potential reconsideration of meetings in April.

What is the main guiding principle for managing OECD inventories?

• Ignoring stock levels

• Returning stocks to normal levels

• Increasing stock levels indefinitely

• Reducing stocks to zero

How does the group of 25 producing countries decide on market actions?

• Guided by inventory levels

• Through random selection

• By following consumer trends

• Based on political alliances

What is the consensus regarding production decisions for the second half of the year?

• Decisions should be made immediately

• Decisions should be delayed until June

• Decisions should be made in April

• No decisions are necessary

What is the stance on having a meeting in April?

• It is recommended to cancel

• It is still under consideration

• It is confirmed to happen

• It is irrelevant

What is the emerging consensus about the course of action until the end of June?

• To increase production

• To change the course immediately

• To stay the course

• To decrease production