Goldman's Currie: Odds of OPEC Deal Are Dropping

The video discusses the current state of oil production cuts, highlighting the reduced likelihood of agreements due to increased exemptions from countries like Iraq. It explores the political and economic dynamics influencing these decisions, including the financial stress in countries like Saudi Arabia. The video also examines the ongoing strategy of pursuing market share over forming a cartel, with a focus on the USA's shale production. Finally, it addresses Russia's position on production freezes and its potential impact on future agreements.

What is one of the main reasons for the reduced probability of oil production cuts this week?

• A decrease in oil prices

• A new agreement between OPEC countries

• Iraq's request for exemption due to internal conflict

• Increased demand for oil globally

Why is there skepticism about the ability of countries to reach an oil production agreement?

• There is a lack of interest in higher oil prices

• Different countries have different financial conditions

• The USA is not involved in the discussions

• The meetings are held in different locations

What has remained unchanged in the strategy of oil-producing countries from April to late September/October?

• The strategy of pursuing market share

• The number of countries seeking exemptions

• The focus on increasing oil prices

• The level of financial stress

What was Russia's initial stance on oil production cuts?

• They wanted to increase production immediately

• They agreed to a production freeze

• They had no official stance

• They were against any production cuts

Why might January or February be a strategic time for Russia to agree to a production freeze?

• It coincides with a major international summit

• It is when their production levels are lowest

• It aligns with their investment patterns

• It is the peak season for oil demand