Weafer: Russia Won't Deliver on Oil Production Cut

The video discusses the dynamics of oil prices, highlighting the impact of political events like the Trump victory and the OPEC deal. It examines Russia's role in oil production and the challenges it faces in meeting production cut agreements. The potential unraveling of the OPEC deal is analyzed, with a focus on the return of Libyan, Nigerian, and US shale oil. The video concludes with a discussion on the future of oil production and the modest contributions expected from various oil companies.

What event initially caused a slight increase in oil prices before the OPEC deal?

• The Paris Agreement

• The Trump victory

• The Brexit vote

• The US-China trade deal

Why is it difficult for Russia to meet its production cut commitments?

• Technical challenges and multiple independent oil companies

• High domestic demand for oil

• Lack of political support

• Insufficient oil reserves

What financial benefit does Russia gain from every $10 increase in oil price above $40?

• $20 billion

• $12 to $13 billion

• $8 billion

• $5 billion

Which of the following is NOT mentioned as a potential threat to the OPEC deal?

• Nigerian oil production

• US shale oil production

• Increased demand from China

• Return of Libyan oil

What is a key difference between Russia's oil industry and the OPEC structure?

• Russia has multiple independent oil companies

• Russia's oil production is entirely government-controlled

• Russia's oil industry is highly centralized

• Russia has a single state-owned oil company