What You Need to Know About the Middle East, Nov. 8

The transcript discusses economic issues in the Middle East, focusing on Saudi Arabia's budget deficit due to low oil prices and its impact on capital spending. It highlights Aramco's decision to halt oil shipments to Egypt, forcing Egypt to purchase fuel at higher global prices. The transcript also covers OPEC's market management challenges, noting the need for Iran and Iraq's participation in any credible oil production cap or cut.

What did Citigroup say about OPEC's market management decision?

What conditions did analysts suggest are necessary for a credible deal regarding oil production cuts?