What to Expect From OPEC's Meeting?

The video discusses the significant changes in the oil market due to a virus, contrasting it with past financial crises. It highlights the expected decrease in oil demand and the need for supply adjustments, particularly by OPEC. The impact of Libyan oil production and geopolitical factors, such as sanctions on Iran and Venezuela, are also examined. The dynamics of OPEC meetings, especially the roles of Saudi Arabia and Russia, are explored. Finally, the video addresses the current state of US shale oil production and its implications for the global market.

What factors contribute to the volatility of oil prices as mentioned in the text?

How do the disagreements between Saudi Arabia and Russia affect OPEC's decisions?

What is the expected impact of US shale production on the oil market this year?