OPEC Readies Next Move to Avoid Taper Tantrum

The video discusses OPEC's decision on oil production levels, considering whether to maintain the current reduction of 9.6 million barrels per day or to allow some supply back into the market. The discussion includes global oil demand recovery, Russia's production plans, and concerns about market fragility. The video also highlights efforts to avoid a 'taper tantrum' and the impact of COVID-19 on the oil market, emphasizing the balance OPEC must maintain to prevent market volatility.

What are the considerations regarding the 9.6 million barrels a day in the oil market?

What concerns are associated with the tapering of oil production?

What is the significance of the OPEC meeting mentioned in the text?

How does the COVID-19 pandemic impact the oil market according to the text?

What are the potential risks to global oil demand as discussed in the text?