Why Oil Prices Have Fallen to a 3-Year Low

The video discusses the recent decline in oil prices, driven by increased US shale production and OPEC's decision not to cut production. It explores the impact of these factors on the global oil market, including the behavior of major oil producers like Saudi Arabia and Kuwait. The video also examines future oil price projections, considering the cost of shale production in the US and potential geopolitical events. Finally, it looks at the upcoming OPEC meeting and the differing positions of member countries on production cuts.

What factors are contributing to the recent decline in oil prices?

How has US shale production impacted traditional oil imports?

What is OPEC's historical response to falling oil prices, and how is it different this time?

What are the projections for oil prices in the coming year, barring any geopolitical events?

How do the actions of larger producers like Saudi Arabia and Kuwait affect the oil market?