IEA Sees Record Middle East Oil Supply

The video discusses the current state and future predictions of oil production and demand within OPEC, focusing on Saudi Arabia, Iran, and Gabon. It highlights the impact of lifted sanctions on Iran and the seasonal demand in Saudi Arabia. The video also covers OPEC's market strategies and their effects on global oil prices, with insights from the Kuwaiti oil minister. The broader market implications, including US inventory levels and OPEC's market share strategy, are also examined.

What is the expected trend for oil prices according to the Kuwaiti oil minister?

What strategy did OPEC adopt in 2014 regarding market share?