What Risk Does Shale Oil Pose to OPEC Cuts?

The video discusses the impact of the US shale rebound on the OPEC agreement, highlighting the potential risks and benefits for the oil market. It covers OPEC's compliance efforts to manage supply and reduce the glut, with predictions on oil prices ranging between $50 and $70 per barrel. The discussion also touches on the speculation in the oil market and the influence of global demand, particularly from China and Asia, on balancing supply and demand.

What challenges does OPEC face in closing the supply glut?

What factors are contributing to the speculation of higher oil prices?