OPEC's Future Plan Is to Resurrect the Past: Gadfly

The video discusses the impact of a recent supply cut agreement on oil prices, highlighting the role of hedge funds and the decrease in volatility. It analyzes Barkindo's speech, critiquing the disconnect between OPEC's actions and market realities, particularly the influence of US shale producers. The video further explores the discrepancy between OPEC's intended market control and the actual market dynamics, emphasizing the rapid response of US producers to OPEC's supply cuts.

What has been the effect of the recent supply cut agreement on market volatility?

• Volatility has decreased, indicating stability.

• Volatility remains unchanged.

• Volatility has become unpredictable.

• Volatility has increased significantly.

According to Liam Denning, what was a major flaw in OPEC's supply cut strategy?

• It was perfectly aligned with market needs.

• It was too lenient and allowed prices to rise too high.

• It was not aligned with actual market conditions.

• It was too aggressive and reduced prices too much.

What was the intended outcome of OPEC's supply cut, according to Barkindo?

• To eliminate competition.

• To decrease oil production costs.

• To address market realities.

• To increase market volatility.

Why is OPEC struggling to function as a true cartel?

• It has too much control over global oil prices.

• It lacks global production dominance and coordination.

• It has perfect coordination among its members.

• It has an excess supply cushion.

How have US shale producers responded to OPEC's supply cuts?

• They have maintained the same level of production.

• They have quickly increased production to fill the gap.

• They have reduced their production significantly.

• They have stopped production entirely.