Tchilinguirian: Big Saudi-Iran Divide at OPEC Talks

The video discusses the market's expectations for the OPEC meeting in Algiers, highlighting the unlikely resolution between Saudi Arabia and Iran. Iran aims to regain its pre-sanctions market share within OPEC, requiring increased production. The discussion shifts to the challenges OPEC faces with weak demand and the influence of US shale oil on global prices, which now dictates the market's ceiling and floor.

What was the main expectation from the OPEC meeting in Algiers?

• To set up for the next official meeting in Vienna

• To finalize a new oil production agreement

• To dissolve OPEC

• To increase oil prices immediately

What is Iran's primary focus within OPEC?

• Regaining its pre-sanctions market share

• Becoming the leading oil producer in OPEC

• Increasing its absolute level of oil output

• Reducing oil prices

What percentage of OPEC's output is Iran aiming to achieve?

• 15%

• 10%

• 12%

• 20%

What is the main challenge OPEC faces beyond excess supply?

• Technological advancements

• Weaker demand prospects

• Environmental regulations

• Political instability

Which entity has become the new swing oil supplier, affecting the oil price range?

• Russia

• China

• Saudi Arabia

• US shale oil