Oil Analyst Sen Says Market Testing OPEC to Ensure Production Cut

The transcript discusses the OPEC report, highlighting the oversupply in the oil market due to US waivers for Iran and increased US production. It examines the oil market curves, emphasizing the need for investment despite the current oversupply. The impact of US waivers on oil prices is analyzed, noting unexpected market reactions. The role of OPEC in maintaining market balance and the influence of political factors, including President Trump's actions, are also explored.

What are the structural issues in the oil market that have been mentioned?

What does the term 'contango' mean in the context of the oil market?

How has the US's approach to waivers for Iran affected the oil market?

What role does President Trump play in influencing oil prices according to the discussion?

Why is it important for OPEC to maintain a balanced market?