OPEC+ Agrees to Stick to Oil-Production Schedule

The video discusses a recent OPEC meeting where it was decided to stick with the current plan despite earlier concerns about demand due to the Delta variant. The meeting was efficient, with the JMMC panel taking only 23 minutes to make a recommendation. The ministerial meeting, which followed, saw Saudi Arabia and the UAE resolving past discord. Demand concerns have lessened, and recent EIA data shows strong oil product demand, except for jet fuel, in the US and globally. This data reassures OPEC ministers to maintain their course.

What was the overall sentiment of the OPEC ministers after the summer discord?

• Harmonious

• Conflicted

• Indifferent

• Skeptical

What was noted about oil products supplied during the meeting?

• It reached an all-time high

• It decreased significantly

• It remained stable

• It was not discussed