What is the implication of the statement 'the market is already ahead of us'?
SYND 17 12 78 OPEC CONFERENCE SHEIKH YAMANI STATEMENT ON OIL PRICE INCREASE
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The video discusses the current unique market situation influenced by the Iranian crisis, leading to a rise in crude oil prices. It highlights how the market is ahead of producers and suggests that the global economy, particularly countries like Japan and Germany, can absorb these changes due to lower prices compared to previous years.
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Which nations are mentioned as buying crude oil at lower prices than in 1977?
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