OPEC Shows Some Signs of Unity, What's Next?

The video discusses the increased unity within the cartel, highlighting Saudi Arabia's more cooperative approach in recent meetings compared to past tensions, such as the one in Doha. It also examines the current market dynamics, noting that while there is a trend towards clearing the supply glut, caution is advised due to skewed supply numbers from outages in countries like Canada, Nigeria, and Libya. The consensus is that the market may stabilize in the latter half of the year, improving conditions by 2017.

What is the consensus regarding the supply glut and its future?

What changes are expected in the market by the second half of the year?