OPEC Turns to Non-Members to Fulfill Production Cut

The video discusses OPEC's decision to cut oil production by 1.2 million barrels per day, the first such cut since the global financial crisis. It explores the involvement of non-OPEC countries, particularly Russia, and the challenges of ensuring compliance. The discussion also covers the potential impact on oil prices, the difficulty in monitoring production levels, especially in Russia, and the role of US shale producers in the market. The video highlights the complexity of predicting market outcomes and the importance of compliance in achieving desired price levels.

What challenges do non-OPEC countries face in joining the production cuts?

What factors could affect the compliance of countries with the production cuts?