Iraq Exemption Put Pressure on OPEC Output Deal

The transcript discusses the challenges and dynamics surrounding OPEC's production deal, focusing on Iraq's request for exemption and its implications for market share. It examines investor positioning ahead of the OPEC meeting in Vienna, highlighting the steady oil prices and contrasting long and short positions. The discussion also questions OPEC's cohesiveness and influence as a cartel, considering the role of shale producers and the potential loss of pricing power.

Discuss the contrasting positions of oil producers and speculators in the current oil market.

What questions are investors asking about OPEC's status as a cartel?