OPEC Output Deal: Will They Comply With the Quotas?

The transcript discusses the complexities of an OPEC deal, focusing on compliance issues and the differing interests of member countries like Saudi Arabia and Iran. It highlights Saudi Arabia's strategy to maintain market share against Russia and the potential impact of US tax policies on domestic and non-OPEC oil production. The discussion also touches on the global economic implications, including the challenges faced by emerging markets and the potential consequences for OPEC as US production increases.

How does the speaker view the effectiveness of cartels in the oil market?

What are the implications of the proposed border tax adjustments on Canadian oil producers?

What does the speaker suggest about the future of oil prices and U.S. producers?