Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Wall Street Week

    Bloomberg Wall Street Week

    David Westin speaks with top names in finance about the week's biggest issues on Wall Street.

    Bloomberg Radio

    Bloomberg Wall Street Week

    Bloomberg Wall Street Week

    Bloomberg Wall Street Week, hosted by David Westin, is a reinvention of the iconic Wall Street Week, which aired on PBS for over 30 years and was hosted by late financial journalist Louis Rukeyser. The one-hour program features market and geopolitical discussions with a rotating panel of influential voices including thought leaders, CEOs, policy makers and economists.

    Listen

    Quicktake

    Then This Happened

    Then This Happened

    A series that takes data-driven approach to tell fascinating, in-depth stories about how policy choices have affected business, politics and people’s lives throughout history.

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      Hong Kong Reopens Bars As City Eases Curbs Even With Hundreds of Covid Cases

      Business

      Hong Kong Reports 228 New Covid Cases as It Slowly Relaxes Curbs

      The European Central Bank's Current And New Headquarters

      Economics

      ECB’s Euro Talk Goes Unheeded by Traders Running From Risk

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      Amazon Turns To Machine Managers And Workers Are Losing Out

      Technology

      Amazon Is Using Gig Economy Drivers to Deliver From Malls

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      NKOREA-HEALTH-VIRUS

      Prognosis

      Biden Says North Korea Hasn’t Responded to Offer of Covid Help

      SKOREA-US-DIPLOMACY

      Politics

      Biden, Yoon Decry Damaging Impact on Energy of Russia’s War

      Featured

      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      Apple store HP Social

      Investing

      Why Your Index Fund Won’t Protect You From Tech’s Collapse

      Key Speakers At The ETHDenver Conference

      Crypto

      Ethereum Co-Founder Buterin Says He’s No Longer a Billionaire

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      'Armageddon Time,' Portrait of White Privilege, Stirs Cannes

      Screentime

      'Armageddon Time,' Portrait of White Privilege, Stirs Cannes

      ThePointsGuy.com Founder Brian Kelly Interview

      Pursuits

      The Points Guy Must Face American Airlines Suit Over Frequent Flier App

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      SWITZERLAND-INDIA-WEF-ECONOMY-HEALTH-ENVIRONMENT-PANDEMIC

      Martin Ivens

      How Does the Davos Elite Deal with War in Ukraine?

      Protecting pilots’ mental health will keep us all safer.

      David Fickling and Tim Culpan

      Your Pilot May Have Had Suicidal Thoughts. And That’s OK

      US President Biden Arrives In South Korea

      Hal Brands

      Democracies Can Out-Compete the China-Russia Alliance

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      Compensation Is Becoming an Even Bigger Headache in the Remote-Work Era

      Future of Work

      Compensation Is Becoming an Even Bigger Headache in the Remote-Work Era

      My History With Scoliosis Made Me Seek a Better Treatment for My Son

      Feature

      My History With Scoliosis Made Me Seek a Better Treatment for My Son

      These Tiny Organisms Are Key to Stopping the Next Pandemic

      The Big Take

      These Tiny Organisms Are Key to Stopping the Next Pandemic

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Late Justice Ruth Bader Ginsburg Lies In Repose At U.S. Supreme Court

      Equality

      Supreme Court Abortion Leak Was a ‘Cowardly’ Act, Retired Justice Says

      Demonstrators Attend Nationwide Day Of Action For Abortion Rights

      Equality

      The Knot Worldwide Joins Companies Covering Travel for Abortion

      Demonstrators Attend Nationwide Day Of Action For Abortion Rights

      Society

      Walmart, Lowe's Shareholders Urged to Vote on Abortion Proposals

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • Science & Energy
      • Climate Adaptation
      • Finance
      • Politics
      • Culture & Design
      Electric Vehicle Charging Stations As City Council Signs Off For Funding

      Hyperdrive

      When EVs Die in the Wild (And Trust Us They Will)

      Coffee Shipped by Sailboat Is a Whimsical Way to Lower Your Emissions

      Green

      Coffee Shipped by Sailboat Is a Whimsical Way to Lower Your Emissions

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Baby boy drinking milk from a bottle

      Economy

      Here’s the Latest Ranking by City of Baby Formula Shortages

      Tesla Boom Ushers In Trailer Parks, Tiny Homes in Red-Hot Austin

      Housing

      Biden’s New Housing Plan: Fire Up the House Factories

      Paris Plans to Remove Two Beltway Lanes to Cut Pollution

      Transportation

      Paris Plans to Remove Two Beltway Lanes to Cut Pollution

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      BitBase Cryptocurrency Exchanges After Record Week For Volatility

      Crypto

      Lagarde Says Crypto Is ‘Worth Nothing’ and Should Be Regulated

      Key Speakers At The Consensus: Invest Event

      Crypto

      BitMEX Founder Hayes Avoids Prison on Bank Secrecy Charge

      Key Speakers At The ETHDenver Conference

      Crypto

      Ethereum Co-Founder Buterin Says He’s No Longer a Billionaire

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00AT THE COMPANY THAT USES ANALYTICS TO ADDRESS SOME OF THE WORLD'S CHALLENGES. SAUDI ARABIA APPEARED TO CHOOSE POLITICS OVER ECONOMICS WHEN PULLED OUT OF THE DOUGH HOT DISCUSSIONS. IS THAT A CANARY IN THE COAL MINE IN TERMS OF HOW AN OIL-PRODUCING NATION CAN REACH AN AGREEMENT IN THE FUTURE? GUEST: IT IS A KIND OF CANARY IN THE COAL MINE. BUT THIS HAS NOT BEEN ANYTHING NEW. OPEC IS BASICALLY A CARTEL AND FOR A CARTEL TO COURT MADE ANYTHING FROM PRODUCTION TO A QUOTA, THEY NEED TO BE ABLE TO TRUST EACH OTHER. BECAUSE THEY DON'T TRUST EACH OTHER, THEY FAIL TO REACH AN AGREEMENT. WHAT WE SEE GOING ON WITH OPEC IS NOTHING NEW. . THIS HAS BEEN A HIGH POINT IN THEIR FAILURE BECAUSE OF SOME OF THE STUFF SAUDI ARABIA HAS BEEN INVOLVED IN POLITICALLY. BUT IT IS NOTHING NEW. JOE: THE QUESTION OF HIS OPEC SAID IT FEELS LIKE SUCH A CLICHE AT THIS POINT. BUT WE SAW THIS DELHOMME TALKS FAILURE AND OIL HAS STRENGTHENED AND THAN WE SAW THE STORY ABOUT A KUWAIT STRIKE AND THE KUWAIT STRIKE ENDING. THAT DID NOT SEEM TO HAVE ANY EFFECT ON THE MARKET. IS ANYTHING GOING ON RELEVANT TO THE MARKET IN THE SHORT OR MEDIUM TERM? GUEST: I DON'T THINK SO. I DON'T THINK WHAT IS GOING ON IN THE REGION IS THAT RELEVANT WITH SOME OF THE GLOBAL MACRO TRENDS WE ARE SEEING. CERTAINLY, IF THEY WERE ABLE TO COORDINATE SOME TYPE OF QUOTA, WE WOULD SEE A BETTER REBOUND ON THE PRICE OF OIL. I DON'T THINK THE THINGS THAT ARE GOING ON IN THE REGION HAVE A SIGNIFICANT IMPACT. TRACY: SCARLET MENTIONED POLITICS DRIVING SAUDI ARABIA. WHAT ARE THE LEVERS THE COUNTRY CAN PULL IN TERMS OF OFFSETTING DECLINING OIL PRICES? WE HAVE SEEN IT CUT BACK ON MARKETS AND CUT INTERNATIONAL DEBT MARKETS. WHAT ELSE IS THERE? GUEST: ONE OF THE LEVELS THEY COULD HAVE PULLED IS COORDINATING A QUOTA PRICE. THAT MEANS THEY WOULD HAVE TO SACRIFICE THE MARKET SHARE. THAT WOULD HAVE REQUIRED FOR THEM TO REDUCE THEIR PRODUCTION DOUBLES WHICH THEY ARE UNWILLING TO BECAUSE IRAN IS ENTERING THE MARKET. THE IRANIANS ARE WILLING TO SET A VOTE OF THAT THEY DO NOT FEEL LIKE THEY SHOULD BE PARTY TO REDUCING THEIR PRODUCTION AS THEY ARE JUST BEGINNING TO REENTER THE MARKET WITH RELIEF FROM SANCTIONS. JOE: THAT SEEMS TO MAKE SENSE FROM IRAN'S PERSPECTIVE. IF YOU ARE UNDER SANCTIONS, WHY WOULD YOU WANT TO IMMEDIATELY TIRE HANDS JOINING THIS OUTPUT PHASE? GUEST: TO YOUR POINT, THAT IS EXACTLY WHAT IS GOING ON. IT IS THE CLASSIC CASE OF THE PRISONER'S DILEMMA. BECAUSE THEY DON'T TRUST EACH OTHER AND IT WOULD REQUIRE A SHORT-TERM SACRIFICE FOR CERTAIN MEMBERS FOR A LONGER-TERM PRICE STABILITY, WE DO NOT SEE THAT HAPPENING. SCARLET: YOU TALK ABOUT HOW OIL PRICES AND VIOLENCE TO REALLY HAVE A CORRELATION. TALK TO US ABOUT THAT. GUEST: THAT IS ABSOLUTELY TRUE. WE LOOKED AT THE PRICE OF OIL GOING BACK 15 YEARS FOR ALL THE MAJOR PRODUCERS AND EXPORTERS AND WE SHOWED THAT AS THE PRICE OF OIL GOES UP, VIOLENCE GOES UP . IF THE PRICE OF OIL GOES DOWN, VIOLENCE OR DOWN. IF THERE IS INSTABILITY, IT IS FOR FACTORS OTHER THAN THE PRICE
  • NOW PLAYING

    Predicting OPEC's Behavior: What's Their Next Move?

  • 48:12

    Wall Street Week - Full Show (05/20/2022)

  • 01:48:16

    Bloomberg Markets: The Close (5/20/2022)

  • 09:11

    Homebuyer Challenges

  • 44:43

    'Bloomberg Technology' Full Show (05/20/2022)

  • 08:46

    Inflation Battle Continues

  • 08:09

    Where to Invest in Turbulent Times

  • 09:38

    Be Careful of "Hipster Antitrust" Push

  • 24:05

    Bloomberg New Economy Gateway Latin America

  • 44:22

    Balance of Power Full Show (05/20/22)

  • 07:57

    Crypto Winter Is Just Beginning

  • 21:16

    Bloomberg Markets: Triple Take (05/20/2022)

  • 06:40

    Is There Any Reason to Be Bullish?

  • 02:18

    Stocks Rally Back From Brink of Bear Market

  • 04:31

    'Hipster Antitrust' Rules Are Dangerous, Summers Says

  • 05:10

    There Are Values in This Market, Siegel Says

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Predicting OPEC's Behavior: What's Their Next Move?

  • What'd You Miss?

  • TV Shows

April 20th, 2016, 9:17 PM GMT+0000

Amir Bagherpour, co-founder and chief political scientist at Gistrat, discusses OPEC's behavior, the failed Doha talks and what's ahead for the cartel. He speaks to Bloomberg's Scarlet Fu, Joe Weisenthal and Tracy Alloway on "What'd You Miss?" (Source: Bloomberg)


  • More From What'd You Miss?

    • 03:45

      Apple Sales Top Estimates, New Buybacks Announced

    • 05:38

      China's Lockdown Hurts Global Tourism, Says Harteveldt

    • 03:09

      Amazon to Split Stock 20-1, Plans $10 Billion Buyback

    • 21:05

      Bloomberg Markets: What'd You Miss? (03/04/2022)

    All episodes and clips
  • Bloomberg Markets

    "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
    More episodes and clips
    • 44:43

      'Bloomberg Technology' Full Show (05/20/2022)

    • 44:22

      Balance of Power Full Show (05/20/22)

    • 06:40

      Is There Any Reason to Be Bullish?

    • 05:22

      Biden Kicks Off Visit to South Korea

  • QuickTake

    Explaining the world with Bloomberg News
    More episodes and clips
    • 01:42

      Ikea to Start Selling Renewable Energy to Homes in Sweden

    • 02:17

      Power of TikTok Shown to Boost Sales

    • 03:03

      Grocery-Store Boom to Outlive Pandemic?

    • 02:45

      Inside the History of Montreal’s Plex Homes

See all shows
Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help