Goldman's Courvalin Says Oil Markets Have 'No Buffer' Against High Prices

The video discusses the current state of the oil market, focusing on the lack of buffers such as inventories and supply elasticity. It highlights the significant impact of Russian oil flow disruptions on global prices, potentially leading to $150 per barrel. The discussion explores alternative supply sources, including OPEC and shale producers, but emphasizes the inherent volatility of the market and the limited spare capacity available, particularly from Saudi Arabia and the UAE. The potential for market panic if spare capacity is breached is also considered.

What are the three buffers in the oil market mentioned in the text?

How does demand destruction relate to oil prices according to the discussion?

What potential oil price is mentioned if Russian flows are disrupted for three months?

What challenges do shale producers face in increasing oil supply?

What could trigger a panic in the oil market according to the text?