Oil Traders Focus on Russia Price Cap, OPEC+'s Next Move

The transcript discusses the EU's efforts to set an oil price cap to limit Russia's revenue while maintaining global supply. Russia's potential reaction and the impact on its economy are considered. Additionally, the transcript covers OPEC Plus's stance on production levels, refuting rumors of increased output and emphasizing a focus on global demand and economic conditions.

What does the Saudi Energy Minister's recent statements suggest about OPEC's production plans?

What are the current concerns of OPEC regarding the global economy?