Goldman's Currie: Odds of OPEC Deal Are Dropping

The video discusses the current state of oil production cuts, highlighting the reduced likelihood of agreements due to increased exemptions from countries like Iraq. It explores the political and economic dynamics influencing these decisions, including the financial stress in countries like Saudi Arabia. The video also examines the ongoing strategy of pursuing market share over forming a cartel, with a focus on the USA's shale production. Finally, it addresses Russia's position on production freezes and its potential impact on future agreements.

In what ways do the strategies of pursuing market shares differ from trying to run a cartel?

What implications does Russia's production profile have on the potential agreement for a freeze?