Citi's Ed Morse Sees Oil Topping $60

The transcript discusses the upcoming OPEC meeting and the expected agreements among key players like Saudi Arabia, Kuwait, and the UAE. It covers the implications of oil production cuts, market dynamics, and inventory changes. The forecast for oil prices suggests a potential rally, with Brent prices reaching the mid-60s by year-end. Shale production is expected to grow, impacting the market dynamics into 2018.

Which countries are primarily driving the OPEC agreement?

• Iran, Iraq, Qatar

• Saudi Arabia, Kuwait, UAE

• Libya, Venezuela, Iraq

• USA, Russia, China

What is the minimum proposed cut in oil production by OPEC?

• 1.8 million barrels per day

• 2.5 million barrels per day

• 1.2 million barrels per day

• 3 million barrels per day

What was the impact of the Brent forward curve flattening?

• Increased oil storage in VLCC tankers

• Lower oil production

• Decreased oil storage in VLCC tankers

• Higher oil prices

When is the market expected to start getting tight according to the forecast?

• Next year

• Next month

• Tomorrow or next week

• In six months

What is the expected trend for US shale production?

• Decline in production

• Stagnation in production

• Rebound in production

• No change in production