Nigeria Minister Sees Momentum Shift in Favor of Keeping OPEC Supply Cuts

The transcript discusses the impact of geopolitical factors on oil production and prices, focusing on OPEC's role, US sanctions on Iran, and Venezuela's declining output. It also examines market dynamics, potential output cuts, and the influence of global trade tensions, particularly between the US and China, on oil demand and prices.

What factors are influencing the relationship between OPEC and global oil prices?

What role does compliance play in the context of OPEC's output cuts?

How does the geopolitical landscape influence oil prices according to the discussion?

How might U.S. sanctions on Iran affect global oil supply?

In what ways could the internal strife in Venezuela affect its oil output?

What is the predicted price range for Brent crude oil by the end of 2018?

What are the potential impacts of trade tensions between the U.S. and China on oil demand?