FGE's Fesharaki Sees Oil Prices at Mid-$60 Level Next Year

The video discusses the potential rise in oil prices if production does not increase, highlighting the Saudi-UAE conflict's impact on OPEC's unity. It explores OPEC's strategies to manage production and stabilize prices, emphasizing the importance of reaching a compromise. The video also examines the incentives for OPEC to prevent further price hikes and the role of shale oil production in future market dynamics.

What is the current upside in oil prices according to the discussion?

What compromise is anticipated regarding oil production?

How does the conflict between Saudi Arabia and UAE impact the oil market?

What are the reasons behind Abu Dhabi's desire for more independence in policymaking?

What is the significance of the OPEC agreement mentioned in the discussion?

What potential consequences could arise if OPEC fails to reach an agreement?

How do high oil prices affect the behavior of shale producers?