Putin: Russia Is Ready to Freeze or Cut Oil Production

The video discusses the potential freeze deal between OPEC and Russia, emphasizing the importance of OPEC in rebalancing the oil market. It highlights the need to wait for the agreement to materialize and notes signs of market balance development. The discussion includes the impact of potential agreements on market conditions and the necessary production cuts for price stability. The video concludes with a suggestion for Norway to allow OPEC and its allies to handle the situation independently.

What is the significance of OPEC in rebalancing the oil market?

What factors should be considered before celebrating an OPEC agreement?

What signs indicate that market balance is developing?

What production levels are necessary for stable oil prices according to the speaker?

How has the production from OPEC countries changed since January?