'No Physical Shortage' of Oil, Says OPEC's Barkindo

The transcript discusses the decision to increase oil production by 5.8 million barrels a day, addressing challenges like underinvestment and capacity constraints. It highlights ongoing cooperation with Russia despite geopolitical tensions and examines market perceptions affecting oil prices, emphasizing that there is no physical shortage of oil currently.

What decision was made regarding oil production in July of last year?

What challenges are member countries facing in fulfilling their obligations?

How does the global underinvestment in energy affect the market?

What was discussed in the conversations with the Russian Energy Minister?

What is the current perception of oil supply in the market?