Montrusco Bolton: $50 Is Next Magic Number for Oil

The video discusses the impact of oil prices on hedging policies and production strategies. It highlights the significance of the $50 price point, which prompts more aggressive hedging and increased drilling activities. The discussion also covers market reactions, particularly in Canada, and the global oil market dynamics, including OPEC's production adjustments. The video emphasizes the importance of understanding these factors for effective financial planning and market positioning.

What budget planning did Saudi Arabia undertake at the beginning of the year?

What impact has OPEC's production had on the oil market since the beginning of the year?