Kuwait Says OPEC Strategy Working

The transcript discusses OPEC's influence on oil prices, highlighting production cuts and investment challenges. It explores market rebalancing, forecasting a balance between demand and supply by late 2016. The upcoming OPEC meeting is crucial for potential production freezes, with Iran's production levels being a key issue. Kuwait's strategy focuses on maintaining market share through significant investments in its oil industry.

Discuss the challenges Iran faces regarding oil production and the freeze agreement.

What strategies is Kuwait employing to manage its oil production and market share?