OPEC+ Must Do Something, They Have No Choice: Fesharaki

The transcript discusses OPEC's production cuts and their impact on oil prices, emphasizing the need for real cuts to maintain prices above $90. It explores strategies for price protection, including voluntary cuts by Saudi Arabia. The discussion also covers oil price forecasts, potential recession impacts, and the effect of a strong US dollar on demand. Additionally, it examines the potential influence of US-Iran relations on the oil market, contingent on US election outcomes.

What factors are contributing to the demand destruction in the oil market?

What are the implications of the US elections on potential deals with Iran?