JPMorgan's Darling Sees OPEC Becoming Less Compliant

The video discusses OPEC's diminishing influence on the oil market, highlighting compliance issues and the impact of US shale production. It examines the production strategies of Libya, Nigeria, and Saudi Arabia, and the potential for deeper cuts. The analysis suggests that US shale growth could offset OPEC's efforts, leading to a well-supplied global crude market. The risk of a domino effect among oil-producing countries is also considered, with some countries potentially abandoning production targets.

How do US shale producers respond to OPEC's production cuts?

What is the current state of US crude inventories compared to the five-year average?