Oil Gains After Saudi Arabia, Russia Agree to Extend Pact

The video discusses Russian President Vladimir Putin's meeting with Saudi Crown Prince Mohammed bin Salman at the G20 summit, where they agreed to extend an oil market management agreement. This agreement, involving OPEC and Russia, aims to stabilize oil prices. The video also previews an upcoming OPEC meeting in Vienna, where production cuts will be a key topic. Additionally, Alberta's decision to cut oil production for the first time since the 1980s is examined, highlighting the challenges faced by Canadian producers due to price disparities with US crude.

What challenges are Canadian oil producers facing according to the discussion?

What coordinated effort is being made by the government regarding oil production cuts?