FGE Founder Fesharaki on OPEC, Oil Inventories

The video discusses the current state of the oil market, highlighting the surplus of oil and the role of OPEC in managing production levels. It examines the impact of US tight oil production and the potential for OPEC to deepen output cuts, with Saudi Arabia playing a key role. The discussion also covers the implications of oil prices on market dynamics, including the influence of the Saudi Crown Prince and the Aramco IPO. Technical analysis of oil prices is presented, indicating potential price movements. Geopolitical factors, particularly the relationship between Saudi Arabia and Iran, are also considered.

Discuss the potential consequences if OPEC does not cut production.

What role does the new Crown Prince of Saudi Arabia play in oil production decisions?