OPEC+ Cuts Threaten Oil-Price Spike, Global Recession: IEA

The transcript discusses concerns about a global recession, highlighting economic struggles in Europe and the US, where institutions are downgrading economic outlooks. It examines the impact of OPEC's production cuts on the economy, noting that reduced supply prevents inventory rebuilding, which could stabilize markets and reduce inflationary pressures. The transcript emphasizes the importance of allowing inventories to rebuild to mitigate volatility and inflation.

What is the current state of inventories according to the report?

What would be the potential benefits of allowing inventories to rebuild?