Will OPEC+ Members Comply With Its Production Targets in 2020?

The video discusses the OPEC Plus agreement on supply cuts and the challenges of compliance, particularly for economically challenged countries like Iraq and Nigeria. Saudi Arabia's role in stabilizing the market is highlighted. The discussion shifts to market confidence, focusing on supply-side issues in countries like Venezuela and Iran, and the impact of US oil production. Predictions for oil prices in 2020 are made, with a focus on demand from emerging markets. Finally, Saudi Arabia's economic strategy, including the Aramco IPO, is analyzed.

What role does the US play in the global oil market according to the discussion?

How does the sentiment around the Saudi budget impact their oil pricing strategy?

What is the predicted benchmark price for oil in 2020, and what factors influence this prediction?