Norrish: OPEC Likely Agrees to 'Face-Saving' Measure

The transcript discusses the challenges OPEC faces in coordinating a production cut, with Russia's reluctance to participate. It explores potential outcomes of OPEC meetings and their impact on oil prices, highlighting Saudi Arabia's view that a cut may not be essential. The market shows signs of rebalancing, with global production down and economic indicators improving. Investor interest in commodities is rising, suggesting potential upside in oil prices even without an OPEC cut.

What challenges is OPEC facing in coordinating production cuts?

How might the absence of an agreement within OPEC affect oil prices?

What signs indicate that the oil market is starting to rebalance?

Discuss the potential impact of global GDP growth on the oil market.

What factors could lead to an increase in oil prices despite no OPEC cuts?