OPEC's Barkindo Says Oil Price Equilibrium 'In Sight'

The video discusses the ongoing work in progress regarding production and export parameters, emphasizing the importance of compliance among countries like Iraq. It highlights the efforts to monitor and encourage conformity to set targets, with a focus on the rebalancing of demand and supply in the market. The video also notes the positive trends in stock drawdowns and the gradual return to equilibrium pricing.

What is the current status of conformity levels mentioned in the text?

What does the text suggest about the ongoing rebalancing of demand and supply?