Goldman Sees 'Declining Probability' of OPEC Deal

The transcript discusses Goldman Sachs' negative outlook on an OPEC production deal, citing discord among OPEC members and non-members. Analysts like Adam Longson from Morgan Stanley express skepticism about the impact of a potential deal on oil prices. The challenges in reaching an agreement include deciding on exemptions, quotas, and non-member involvement. The market remains in stasis, with speculators adding short positions, awaiting the outcome of the November 30th OPEC meeting.

What is the main reason for Goldman Sachs' negative outlook on the OPEC deal?

• Increased production by non-OPEC countries

• High oil prices

• Lack of progress and growing discord among OPEC producers

• Strong agreement among OPEC members

What are the three major obstacles in reaching an OPEC production cut agreement?

• Deciding on exemptions, quotas, and non-OPEC involvement

• Agreeing on a new OPEC leader, expanding membership, and setting a new meeting date

• Reducing oil consumption, increasing renewable energy, and setting carbon limits

• Setting a fixed oil price, increasing production, and reducing exports

Which country faces increased pressure due to internal discord within OPEC?

• Kazakhstan

• Saudi Arabia

• Brazil

• Iraq

What is the Bank of Japan's expectation for oil prices towards the end of 2018?

• $55 to $60 per barrel

• $40 to $45 per barrel

• $75 to $80 per barrel

• $65 to $70 per barrel

What is the market's general stance until the November 30th meeting?

• In stasis, waiting for OPEC's decision

• Rapidly increasing oil prices

• Expanding OPEC membership

• Decreasing oil production