OPEC Decision Overview

OPEC recently met in Vienna to assess the impact of its production cut agreement over the last six months and agreed to extend the deal for nine months. The extension is an effort to reduce global oil supply and boost prices. Tariq Zahir, Managing Member of Tyche Capital Advisors discusses the OPEC decision and how it affects the markets, including an analysis of the big four—Saudi Arabia, Iraq, Iran, and Russia—and how Saudi Arabia is the main driver of complying with the already agreed quota, picking up slack of the other members.