Iraq Says More Cuts Are Possible Ahead of OPEC+ Meeting

The video discusses the expectations for OPEC's production quotas, highlighting the Iraqi oil minister's unexpected proposal for additional cuts despite Iraq's non-compliance with current quotas. The discussion includes the potential extension of existing quotas and insights from Russia and Saudi Arabia, who do not anticipate major decisions until April. The focus is on ensuring compliance with current quotas rather than implementing new cuts.

What was the initial expectation for the OPEC meeting before the weekend?

• To increase production quotas

• To maintain the current production quotas

• To cut production by 400,000 barrels

• To end production quotas by December 2020

What did the Iraqi oil minister propose during the meeting?

• To end production quotas immediately

• To cut production by an additional 400,000 barrels

• To maintain the current production levels

• To increase production by 400,000 barrels

What is the likelihood of an additional production cut according to the notes mentioned?

• Irrelevant

• Already decided

• Unlikely

• Highly likely

When do the Russians expect a decision to be made regarding production quotas?

• Next year

• Immediately

• By December 2020

• In April

What is the main concern of the Saudis regarding production quotas?

• Introducing new quotas

• Ending all quotas

• Ensuring compliance with existing quotas

• Increasing production