CLEAN : OPEC keeps same oil output ceiling

The video discusses the commitment to maintaining a production ceiling of 30 million barrels a day. It highlights the need to adapt to a new market reality where $100 per barrel is no longer achievable. The concept of fair pricing is also explored, emphasizing the importance of adjusting expectations in the current economic climate.

What is the significance of the phrase 'live with it' in the context of the oil market?

What does the speaker imply about the fair price of oil?