Could U.S. Oil Production Derail OPEC Deal?

The video discusses the dynamics of US and OPEC oil production, highlighting how increased US production could counterbalance OPEC's strategy to cut supply. Despite rising US output, the OPEC deal aims to rebalance the market by removing 1.8 million barrels per day. However, challenges like high inventories and shale production persist. The video also covers oil price projections, noting that significant changes depend on extended OPEC compliance. Future US production increases are expected, potentially affecting the market in the second half of the year.

What are some of the headwinds that remain despite the OPEC deal?

What factors could lead to upward adjustments in oil prices according to the discussion?