Can OPEC Control Oil Supplies as Prices Plummet?

The video discusses the current state of the oil market, highlighting factors such as deleveraging by financial institutions, weak global demand, and increased US production. It explores Saudi Arabia's strategy of maintaining production levels to test OPEC partners and US shale producers. The discussion also covers the impact of oil prices on US shale production and the potential future of OPEC and global oil prices.

How might US crude exports influence the behavior of oil-producing countries?

What are the potential consequences for OPEC if Saudi Arabia continues its current production strategy?

What are the long-term market forces that could affect Saudi Arabia's oil pricing strategy?