Russia, Saudi Arabia Discuss OPEC+ Cooperation

The transcript discusses the ongoing negotiations and tensions between Russia and Saudi Arabia regarding oil production cuts. Russia's position on deeper cuts remains uncertain, while market expectations are influenced by Goldman Sachs' predictions. The OPEC meeting agenda focuses on short-term oil demand impacted by the coronavirus. Additionally, US Secretary of State Mike Pompeo's visit to Riyadh highlights regional issues, including Iran and human rights concerns.

What is the current agreement between Russia and Saudi Arabia regarding oil production cuts?

• Cut 2.1 million barrels a day

• Maintain current production levels

• Increase production by 2.1 million barrels a day

• Cut 1 million barrels a day

What additional cut is being proposed by the technical committee?

• 600,000 barrels a day

• 200,000 barrels a day

• 1 million barrels a day

• 800,000 barrels a day

What is the main focus of the upcoming meetings involving the IEA, IEF, and OPEC?

• Long-term oil supply strategies

• Short-term oil demand impacted by coronavirus

• New oil drilling technologies

• Alternative energy sources

What significant change in oil consumption is expected for the first time in a decade?

• Increase by 1 million barrels a day

• Stabilization at current levels

• Decline by more than 400,000 barrels a day

• Increase by 800,000 barrels a day

What regional issue is expected to be a top agenda item during Mike Pompeo's visit to Riyadh?

• Trade agreements

• Iran

• Tourism

• Climate change