Shale Producers to Be Just Fine on OPEC Decision, Says SocGen's Wittner

The video discusses the OPEC meeting's impact on the WTI Brent spread, highlighting market movements and investor flows. It examines the market's reaction to unexpected agreements, particularly Saudi Arabia's aggressive stance, and the resulting price movements. The discussion identifies Saudi Arabia, Kuwait, and UAE as winners, while Iran is a loser in terms of production and market share. The video concludes by analyzing the impact of price changes on shell producers, noting that they remain profitable despite fluctuations.

What is the expected trend in crude production according to the speaker?

What does the speaker believe about the production costs of shale producers?