What Are the Prospects for OPEC Enforcement?

The video discusses the challenges and prospects for the oil market in 2017, focusing on OPEC's restraint and the US shale response. It highlights the cost efficiency improvements in US shale operations and the increased activity in the Permian Basin and other oil plays. The video also examines the mergers and acquisitions in 2016 and their impact on the upstream space. Finally, it explores the capital markets and spending strategies for 2017, questioning whether companies will adhere to stricter standards or revert to previous practices.

What is the significance of the June 2017 review of the OPEC agreement?

In what ways might oil companies change their spending habits in 2017 compared to previous years?