IEA Sees OPEC Achieving 90% Production Cut Compliance

The video discusses the current state of the oil market, highlighting the stability in oil prices due to OPEC's production cuts and the US shale revival. It notes the low volatility in the market, a result of OPEC's efforts to make the market more predictable. The upcoming OPEC report is expected to provide insights into compliance with production cuts, which could influence future price movements.

What is the current price range for WTI oil as discussed in the video?

• Between $50 and $55

• Between $60 and $65

• Between $40 and $45

• Between $70 and $75

Which two factors are mentioned as influencing the current oil market?

• OPEC cuts and US shale revival

• Russian exports and African production

• US sanctions and European demand

• Middle East tensions and Asian growth

What is OPEC's mission in terms of market volatility?

• To increase volatility for higher profits

• To reduce volatility and make the market more predictable

• To eliminate volatility completely

• To ignore volatility and focus on production

What tool is mentioned for tracking oil market data?

• Bloomberg BTV 5938 code

• Reuters Oil Tracker

• Yahoo Finance Oil Index

• Google Market Watch

What was the compliance rate with OPEC's production cuts according to the IEA?

• 100%

• 90%

• 80%

• 70%