Russian Energy Minister Novak on OPEC, Oil Production

The transcript discusses the market's reaction to OPEC's decisions, emphasizing the importance of compliance and cooperation among member countries. It highlights Russia's commitment to meeting production targets and the significance of trust in international agreements. The discussion also covers the potential for extending OPEC agreements, the role of market monitoring, and the need for adjustments based on market conditions. Future market predictions are considered, with a focus on the impact of US shale production on global oil supply and the challenges of maintaining balance in the market.

What strategies are mentioned for monitoring and adjusting market behavior?

How does the speaker assess the current state of US shale production?

What predictions does the speaker make regarding oil prices in the future?