Bell: OPEC Will Focus On Oil Pick Up in 2H21

The video discusses OPEC's production policy, focusing on the gradual recovery in oil demand and the potential impact of Iran re-entering the oil market if the JCPOA is reinstated. It highlights the current oil market dynamics, including pricing and regional production trends, and explores the possibility of OPEC imposing quotas on Iran. Additionally, it examines Saudi Arabia's economic strategy in response to oil market volatility and its impact on the country's reserves.

What is the expected production policy of OPEC for the next few months?

• Increase production by 5 million barrels a day

• Maintain current production levels

• Add 2 million barrels a day by the end of July

• Decrease production by 1 million barrels a day

What is the projected oil production level for Iran by the fourth quarter if a JCPOA deal is reached?

• 2 million barrels a day

• 3 million barrels a day

• 4 million barrels a day

• 5 million barrels a day

How might the return of Iranian barrels affect the Dubai market?

• Increase Dubai crude prices

• Decrease Dubai crude prices

• Cause Dubai crude prices to fluctuate wildly

• No effect on Dubai crude prices

What is a potential concern for OPEC if Iran re-enters the market?

• Iran might stop exporting oil

• Iran might join another oil alliance

• Iran might decrease its oil production

• Iran might flood the market with oil

What is the implication of the differential between Brent and Dubai markets?

• Dubai is more volatile than Brent

• Dubai is cheaper than Brent

• Brent is cheaper than Dubai

• Both are priced equally

What has been the trend in Saudi Arabia's reserves since April 2020?

• Significant decrease

• Holding steady around $450 billion

• Fluctuating wildly

• Significant increase

What strategy is Saudi Arabia employing to manage its economic plan?

• Increasing domestic oil consumption

• Relying solely on oil exports

• Cutting oil production drastically

• Investing in overseas assets