CLEAN : Saudi says door open to future oil output hike

The video discusses the current state of the market, highlighting the balance between supply and demand achieved through the cooperation of 25 countries. It emphasizes the importance of maintaining market stability, especially for developing nations, and outlines proactive measures to prevent instability. The video also covers the role of the Joint Technical Committee in monitoring the market and the readiness of ministers to deploy spare capacity in case of demand shortfalls due to various factors, including geopolitical and technical disruptions.

What is the function of the Joint Technical Committee mentioned in the text?

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What factors could lead to shortfalls in the market?

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