CLEAN : Analyst says OPEC oil output cut will be difficult to achieve

The video discusses OPEC's decision to limit oil production to 32.5 million barrels per day, a reduction from August's production levels. The challenges of agreeing on which countries will cut production and ensuring compliance are highlighted. The video also examines the stress on oil producers due to low market prices, with Saudi Arabia being in a relatively strong financial position. The impact of production strategies on market dynamics, including the reduction of US production and slight price increases, is explored. Finally, the video predicts long-term oil price trends, noting that current prices are too low to sustain future global demand.

What has been the impact of OPEC's actions on US production?

What is the long-term outlook for oil prices according to IHS?