Nasser Saidi: OPEC Is in Demise

The video discusses the decline of OPEC's influence due to low oil prices and the rise of shale oil and renewables. It highlights Saudi Arabia's economic transformation efforts and the challenges of rapid diversification. The impact of monetary policy on economic growth and the need for fiscal policy, particularly infrastructure investment, are examined. The video also explores the political climate, including Brexit and US elections, and their implications for global trade and economic stability.

What are the implications of low oil prices on OPEC and non-OPEC producers?

What challenges does Saudi Arabia face in its oil production strategy?

How has the shale oil industry affected the traditional oil market?

Discuss the potential effects of central bank policies on the economy.

What role does infrastructure play in economic growth according to the text?

How do political uncertainties impact economic conditions as mentioned in the text?

What are the concerns regarding the future of international trade?