JPMorgan's Darling Sees OPEC Becoming Less Compliant

The video discusses OPEC's diminishing influence on the oil market, highlighting compliance issues and the impact of US shale production. It examines the production strategies of Libya, Nigeria, and Saudi Arabia, and the potential for deeper cuts. The analysis suggests that US shale growth could offset OPEC's efforts, leading to a well-supplied global crude market. The risk of a domino effect among oil-producing countries is also considered, with some countries potentially abandoning production targets.

What is the forecasted price for Brent crude in 2018 according to the discussion?

• $55.00

• $50.00

• $60.00

• $45.00

Which countries are mentioned as having ruled out output caps?

• Russia and Kuwait

• Saudi Arabia and Iran

• Libya and Nigeria

• Venezuela and Iraq

How much is US shale production expected to grow by next year?

• 500,000 barrels per day

• 750,000 barrels per day

• 1 million barrels per day

• 1.5 million barrels per day

What is the risk if OPEC countries abandon the production cut deal?

• Decreased US shale production

• Higher demand for oil

• A domino effect

• Increased oil prices

How much are US crude inventories above the five-year average?

• 250 million barrels

• 150 million barrels

• 100 million barrels

• 210 million barrels