IEA Sees Oil Glut Clearing by End of 2021 Amid Demand Strains

The transcript discusses the potential for oil prices to drop to $20 if certain conditions are met, such as prolonged COVID-19 impacts and a breakdown in OPEC discipline. It highlights OPEC's upcoming meeting to decide on oil supply adjustments and the market's capacity to absorb more oil. The discussion also covers the challenges in data transparency, particularly in non-OECD countries like China, and the decline in countries reporting to the Jody initiative, affecting the accuracy of oil supply and demand data.

What does the speaker suggest about the flexibility of the OPEC plus supply agreement?

What challenges are mentioned regarding the accuracy of oil demand data in non-OECD countries?