Extending OPEC+ Output Deal Is Not a Foregone Conclusion, Says Iraq's Oil Minister

The transcript discusses the efforts by OPEC and non-OPEC countries to stabilize the oil market by minimizing volatility through production cuts. It highlights the challenges faced in reaching an agreement, including differing opinions on the duration and extent of cuts. The discussion also covers the potential need for deeper cuts to address market oversupply and the role of OPEC's research department in presenting scenarios for decision-making.

What factors are considered when deciding on the depth of cuts in oil production?

What is the significance of the research department within OPEC in the context of production cuts?