Oil Gains, Russia Considers Output Freeze

The transcript discusses a series of diplomatic meetings involving OPEC countries, focusing on agreements to manage oil production. Key players include Saudi Arabia, Russia, and Algeria, with discussions on potential production cuts and the impact of a strong dollar. The transcript highlights the challenges of reaching consensus, particularly regarding exemptions for countries like Iran and Iraq. The possibility of a six-month deal is considered, with the aim of stabilizing the market and involving all member countries.

What is the potential impact of a cut of more than a million barrels a day on crude oil prices?

What was the minister's stance on the six-month deal discussed during the negotiations?