Russians, Saudis Say Oil Deal Needs to Be Extended

The transcript discusses challenges in reaching desired inventory levels by June, leading to a potential extension of the timeline to the first quarter of 2018. It highlights the upcoming OPEC meeting in Vienna, where decisions on oil cuts will be made. The market is reacting to OPEC's language and timeframe, with comparisons to the ECB's strategies. Long-term issues in the oil market, particularly the glut from US shale producers, are also addressed, with concerns about rising production in response to OPEC agreements.

What are the potential risks to the oil market in 2018 mentioned by analysts?

What actions are US shale producers expected to take in response to the OPEC agreement?