Oil Fell on OPEC+ Supply Doubts

The video discusses OPEC's decision to cut oil production by 1.2 million barrels per day, with 800,000 barrels from OPEC and 400,000 from allies like Russia. However, these cuts may not be enough to balance the market, as compliance issues and technical challenges delay full implementation. The video also highlights risks from trade wars and slowing demand growth, estimating a demand increase of 1.3 million barrels per day in 2019. Lower oil prices could stimulate demand in emerging markets, but further cuts may be needed if demand slows further.

What is the significance of Russia's compliance with production cuts?

What are the implications of lower oil prices for emerging markets?