Oil Drops as OPEC Fails to Set Production Target

The video discusses the oil market's reaction to recent meetings, highlighting that despite negative headlines, oil prices have risen. It explores Saudi Arabia's strategy to maintain market share against Iran and emphasizes the role of market forces. The discussion also questions OPEC's current relevance, suggesting its main function is electing a Secretary General.

What message did the Saudis aim to reiterate during the meeting?

What role does OPEC play in the current oil market dynamics according to the speaker?