Russia, Saudi Fail to Agree on Oil Freeze

The transcript discusses the market's reaction to a rare joint press conference, highlighting the challenges in political negotiations and their impact on oil prices. It explores the potential for a freeze agreement in Algiers, noting progress but uncertainty due to political undercurrents. The discussion shifts to the positive sentiment in Gulf equity markets, driven by oil price increases and reforms in the Saudi Stock Exchange. The speaker emphasizes the need for corporate earnings growth and revenue crystallization before stock prices can rise significantly.

What changes in the Saudi Stock Exchange are discussed, and what impact might they have?

What are the speaker's expectations regarding corporate earnings in relation to oil prices?