How Will the OPEC Production Cut Really Work?

The video discusses the stability of oil prices, OPEC's intentions to stabilize prices, and their agreement to cut production by 700,000 barrels. It explores the short-term market speculation and potential long-term impacts, including the resurgence of North American production. The video also highlights the potential downside if OPEC fails to reach an agreement, as the global oil glut could persist.

How has North American production changed in response to OPEC's decisions?

What could happen if OPEC does not reach an agreement by the end of November?