Saudis Said to Dismiss Algiers Deal

The transcript discusses the current status of OPEC's supply agreement talks, highlighting that no deal is expected soon. It covers pre-meeting discussions, market dynamics, and Saudi Arabia's proposal to reduce production. Budgetary concerns and market share issues are also addressed, emphasizing Saudi Arabia's influence in OPEC. The potential outcomes of the upcoming meeting are explored, with a focus on Saudi-Iran relations.

What factors are influencing the negotiations among OPEC members ahead of the meeting?

How has Saudi Arabia's proposal regarding production levels changed recently?