U.A.E. Warns OPEC Against Hasty Decisions

The transcript discusses OPEC's cautious approach to oil production, highlighting the impact of increased production on market share and the potential consequences of a production freeze. It also covers the upcoming OPEC meeting, emphasizing the need for a sustainable decision that benefits all members. The OPEC Secretary General and UAE oil minister stress that the meeting is for consultation, not decision-making, and outline the criteria for any future decisions.

How does OPEC's cautiousness relate to the shale oil market in the US?

What criteria did the OPEC Secretary General mention for reaching a decision?