Goldman's Currie Doesn't See Another Oil-Price War

The video discusses the ongoing dispute between UAE and Saudi Arabia over oil production baselines within OPEC+. The UAE seeks a higher baseline, while Saudi Arabia opposes changes that could affect other producers, particularly Russia. The market anticipates a resolution without extending the current deal past April 2022. The video also explores historical context, market dynamics, and potential outcomes, including oil price forecasts and their impact on the global economy. Additionally, it highlights concerns about underinvestment in commodities necessary for the energy transition.

What are the potential consequences if the current oil production agreement falls apart?

How has the COVID-19 pandemic affected oil production agreements among OPEC members?

What role does OPEC play in the current oil production dynamics?

In what ways could the global economy be impacted by rising oil prices?