OPEC's Barkindo Demands 100% Compliance on Output Cuts

The transcript discusses the implementation of a cooperation agreement among 24 countries, focusing on compliance and market dynamics. It highlights the challenges of achieving 100% compliance, the influence of hedge funds on market prices, and the impact of US oil storage and fracking. The discussion also covers commitments from countries like Iraq, the importance of price stability, and the future outlook for OPEC's market share.

How does the current level of storage in the United States affect the oil market?

What is the significance of compliance in the context of the oil market?

What are the potential consequences of low oil prices on the industry and producing countries?