Lewis-Davies: OPEC Struggles to Make 'Meaningful' Cut

The transcript discusses the potential for an OPEC deal involving Russia, the impact of oil prices on the market, and the influence of energy policies. It highlights the role of non-OPEC countries and the sensitivity of the market to price changes. The discussion includes predictions on oil price floors and ceilings, and how these affect US shale oil production.

What is the main factor that could influence the success of the OPEC meeting?

• Involvement of Russia

• US energy policies

• Canadian oil production

• European market demand

How might US energy policies affect the oil market according to the discussion?

• They will encourage OPEC production cuts

• They are expected to be oil bearish

• They are likely to increase oil prices

• They will have no impact

What is the expected impact on the Federal Reserve's actions if there is no OPEC deal?

• The Fed will lower interest rates

• The Fed will increase interest rates

• The Fed's actions will remain unchanged

• The Fed will focus on the stock market

What happens to US shale oil projects if oil prices fall to $40?

• They increase production

• They become more profitable

• They receive more investment

• They become uneconomic

What is the potential downside price for oil discussed in the video?

• $45

• $35

• $30

• $40