OPEC+ Reviving Halted Production Amid Tighter Market

The video discusses OPEC's recent meeting, where they decided to increase output by 400,000 barrels a day starting February. However, there are concerns about OPEC's ability to meet this target due to past compliance issues and production shortfalls. Some countries, including Angola and Malaysia, are struggling to meet their production goals. The video also explores the issue of spare capacity, with some countries like Russia expected to exhaust their spare capacity by April. The discussion highlights the potential challenges OPEC may face in 2022 as demand increases and spare capacity becomes a critical issue.

What is the concern regarding OPEC's spare capacity as the year progresses?

What has been the response of Russian oil producers regarding their spare capacity?