Goldman's Currie Expects 'Very Violent' Rebalancing Process in Oil

The video discusses the current state of oil production, highlighting the need for production cuts due to storage capacity constraints. It predicts significant global production cuts in the coming weeks, leading to a potential market deficit by early summer. The discussion also covers the expected volatility in oil prices as the market rebalances, with prices spiking downwards to remove excess supply before stabilizing.

What is the expected impact on oil production in the next three to four weeks?

How much has the US likely pared back oil production as mentioned in the text?

What does the speaker suggest will happen once storage capacity limits are hit?

What is the anticipated market condition by June according to the speaker?

What kind of volatility does the speaker expect in the oil market?