Saudi National Bank's Khan on WTI, Brent Impact After OPEC+ Fails To Reach Deal

The transcript discusses the impact of OPEC's decisions on oil prices and global inflation. It highlights the unexpected stance of the UAE and the rising demand for oil, which could lead to higher prices. The US administration's concern about gas prices and their potential use of emergency reserves is also covered. The transcript concludes with concerns about the economic impact of rising oil prices, particularly if they surpass $80 per barrel, which could hinder growth in major economies.

What role does OPEC play in the context of oil price fluctuations?

In what ways could rising oil prices impact major economies?