Any OPEC Cut Will Be 'Too Little, Too Late,' Goldman's Currie Says

The video discusses the current state of the oil market, highlighting the sharp decline in demand, particularly in China, and the subsequent impact on global oil prices. It examines the role of OPEC in stabilizing the market and the challenges posed by storage capacity limits. The discussion includes potential price scenarios and the effectiveness of production cuts in the current environment, emphasizing that these measures may be too little, too late.

What are the implications of cutting oil production on global demand?

How has the demand for oil changed in China recently?

What factors contribute to the downside risk in the oil market?

What is the significance of the $40 a barrel price point in the context of oil storage?

Discuss the potential consequences if OPEC fails to stabilize the oil market.