Oil Reaches 18-Month High on Kuwait, Oman Cuts

The video discusses Oman's commitment to OPEC's production cuts and the anticipated effects on the oil market. It highlights Russia and Iraq's slower implementation of cuts and the methods used to monitor these reductions. The current state of the OPEC cartel is examined, noting improved relations, especially between Saudi Arabia and Russia, but cautioning that tensions could rise if commitments are not met.

What was the atmosphere like during the recent OPEC meeting compared to previous meetings?

What potential challenges could arise in maintaining harmony among OPEC members?