What Kind of Grade Does OPEC Deserve?

The video discusses OPEC's current challenges in setting production targets due to market volatility and internal disagreements, particularly with Iran. Saudi Arabia's independent actions and influence are highlighted, suggesting limited impact from new leadership. The history of OPEC's production quotas and the difficulties in reaching agreements amid geopolitical tensions are also covered.

What historical patterns can be observed regarding OPEC's production quotas?

What was Iran's role in the discussions about production quotas?