Goldman's Currie Says OPEC Cuts to Push Oil Into Low $90s

The transcript discusses the current market ambiguities and future projections, focusing on the impact of OPEC production cuts on inventory and prices. It highlights the role of investors in market dynamics and the potential for market recovery by attracting new capital. The discussion emphasizes the need for a new class of investors to drive prices up and the challenges in bringing back previous investors.

What is expected to cause substantial physical inventory draws in the oil market?

• Increased demand from Asia

• OPEC production cuts

• Government regulations

• Technological advancements

What is needed to push oil prices back up towards $100?

• A decrease in production

• Technological innovations

• A new class of investors

• Increased government subsidies

Why might it be difficult to attract previous investors back to the oil market?

• They have found more profitable markets

• They are concerned about environmental impacts

• They are waiting for government incentives

• They have left the market

What could attract capital back to the oil market?

• Turning oil into an asset

• Increasing production rates

• Reducing oil prices

• Government intervention

What is the speaker's view on the future cast of investors in the oil market?

• It will be the same as before

• It will be a new group

• It will be a mix of old and new

• It will be dominated by government entities