Saudis the 'Central Bank' of Oil, Nasdaq's Essner Says

The video discusses the impact of oil price changes, focusing on OPEC's role in stabilizing prices and the challenges posed by limited spare capacity, particularly in Saudi Arabia. It highlights the geopolitical implications of US oil pricing and the influence of Saudi Arabia as a key player in the global oil market.

What impact have the Iranians had on oil pricing according to the text?

How has OPEC been effective in managing oil prices over the last year and a half?

What concerns are raised about Saudi Arabia's spare capacity?

In what way has Shell influenced the pricing dynamics of oil globally?

What role is Saudi Arabia playing in the current oil market according to the text?