Brent-WTI Spread to Widen in 2019, Stratas Advisors' Petersen Says

The video discusses the current and future state of oil prices, focusing on the impact of production cuts by OPEC and its allies. It highlights the challenges of maintaining price support through compliance and the potential market dynamics in the coming year. The role of US production as a structural element in the market is examined, questioning how OPEC will adapt to this permanent change. The video also considers the implications of US export capacity expansion and the potential for price weakness if compliance falters.

What questions remain regarding the future of Brent and WTI prices next year?

What role does OPEC play in the context of US oil exports and market dynamics?