OPEC+ Set to Meet Today in Vienna

The transcript discusses the potential impact of an OPEC agreement on oil prices, with experts predicting a moderate decrease in oil prices due to increased supply. It also covers Kuwait's fiscal challenges, including a recent downgrade by SNP and the lack of fiscal consolidation, leading to an underweight stance on Kuwaiti equities. Finally, the transcript evaluates Saudi Arabia's economic outlook, highlighting the positive impact of government investments and the challenges posed by elevated valuations and changing trading volumes.

What is the expected 12-month target price for oil according to the discussion?

• $75

• $80

• $68

• $70

What is the primary concern regarding Kuwait's economic situation?

• High inflation rates

• Lack of a comprehensive funding strategy

• Over-reliance on tourism

• Excessive foreign debt

Why has the investment community moved to an underweight stance on Kuwaiti equities?

• Strong economic growth

• Lack of fiscal consolidation

• High foreign investment

• Stable political environment

What unusual pattern has been observed in Kuwaiti equities after an emerging market upgrade?

• Immediate decline

• Consistent outperformance

• Stable performance

• Increased volatility

What factor is contributing to Saudi Arabia's improved budget deficit scenario?

• Reduced government spending

• Higher oil prices

• Foreign investments

• Increased tourism

What is a potential risk for Saudi Arabia's equity market as mobility improves?

• Increased trading volumes

• Decreased trading volumes

• Stable trading volumes

• Volatile trading volumes

What is a concern regarding the elevated valuation multiples in Saudi Arabia?

• They are easy to support

• They are decreasing

• They may be difficult to support

• They are irrelevant