Goldman's Currie: Higher Likelihood of an OPEC Agreement

The transcript discusses the potential for an agreement to cut oil production among OPEC members, particularly Saudi Arabia and Russia, and the challenges of adherence to such agreements. It explores the impact of shale production on market dynamics, highlighting the short window of opportunity for price increases. The discussion also covers the incentives for countries like Libya and Iraq to increase production and the risks of cheating. Saudi Arabia's seasonal production adjustments and strategic considerations are examined, along with the role of hedging in shale production.

What role do external producers like Libya and Iraq play in the oil production agreement dynamics?

How does seasonality affect Saudi Arabia's oil production claims?

What historical patterns influence adherence to oil production agreements?