We Need to Change Strategy, Says OPEC President Al Mazrouei

The transcript discusses strategies to maintain oil market balance amid challenges like US shale production and Iranian sanctions. OPEC and non-OPEC members aim to adjust production to stabilize supply and demand, focusing on inventory levels rather than targeting specific oil prices. Future meetings will address necessary production cuts, considering market fluctuations and consumer needs.

What are the expected outcomes of the upcoming OPEC meeting in December?

What is the role of market fundamentals in determining oil prices?

How do consumer demands from countries like the US, China, and India impact OPEC's decisions?