Oil Dips Before OPEC+ Meeting

The video discusses OPEC's focus on enforcing compensation among member countries, particularly targeting those not complying with production cuts. Saudi Arabia is leading efforts to ensure compliance, with King Salman emphasizing the importance of adherence. Countries like Nigeria and Iraq face challenges in meeting compensation due to economic and political issues. The demand for oil is uncertain, with the IEA lowering its outlook due to reduced air travel and increased gasoline stockpiles. OPEC aims to maintain market control through strict compliance.

What is the significance of compliance for OPEC and its allies as mentioned in the text?

What factors are contributing to the shaky demand outlook for oil?