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 significance of the swing producer status of Saudi Arabia in the context of OPEC?

What factors could potentially influence oil prices before the November 30th meeting?