BNP Paribas’ Morris Skeptical of OPEC Production Cuts

The video discusses macroeconomics, focusing on oil demand analysis and the factors affecting it, such as supply dynamics and currency fluctuations. It highlights the skepticism around OPEC's compliance with production cuts and the market's reaction to these developments. The discussion includes compliance rates of various countries and the impact of these on oil prices.

What historical context should be considered regarding OPEC's production cuts?

What is the implication of the phrase 'once bitten, twice shy' in the context of the oil market?