OPEC Seals Deal With Non-Members

The video discusses Saudi Arabia's pivotal role in the OPEC agreement to cut oil production, aiming to stabilize the market. It highlights the psychological impact of Saudi Arabia's willingness to cut below 10 million barrels a day, a significant move for the Kingdom. The discussion also covers the compliance of non-OPEC members, emphasizing Russia's unexpected commitment to cut 300,000 barrels a day. The video concludes with the importance of peer pressure in ensuring compliance and the potential market implications if countries do not adhere to the agreed cuts.

What role does Russia play in the context of OPEC's production cuts?

What are the potential consequences if Saudi Arabia does not see compliance from other countries?