Oil Analyst Sankey Sees OPEC Cuts Stabilizing Market Short-Term

The transcript discusses a potential oil deal involving production cuts by OPEC, Russia, and Canada. It highlights the market's current state, with production at all-time highs, and the impact of these cuts on market stability. Analysts express concerns about the long-term effectiveness of these measures, likening it to rearranging chairs on the Titanic. The discussion also touches on the role of Alberta joining OPEC and the Mizuho forecast for market stabilization.

What is the significance of Alberta joining OPEC according to the text?

What does the analyst imply about the stability of the market with the discussed production cuts?