Iraq Oil Minister: Fully Support 9-Month Extension

The video discusses the consensus on a 9-month extension proposal and the potential for a 12-month proposal. It highlights support for the 9-month proposal and its expected impact on market rebalancing by year-end. Predictions indicate market stabilization post-implementation. The meeting is deemed successful in building consensus among participants.

What is the significance of the 12-month proposal mentioned?

What does the speaker suggest about the studies and predictions regarding market stabilization?