A globally coordinated oil production cut is “likely” but would fail to deliver the kind of reduction needed to balance the crude market, Goldman Sachs’ global head of commodities Jeff Currie said in an interview with S&P Global Platts Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “It’s too little, too late,” Currie said about a possible coordinated cut between OPEC, Russia and various others, potentially including countries like Brazil and Norway. “If they get an agreement to cut say 10-15 million b/d, it is still not sufficient,” the commodities expert said, given that demand is down 26 million b/d. OPEC, Russia and nine other allies plan a meeting on Thursday to work out production cuts that could take as much as 10%-15% of crude supply off the market, though delegates have said commitments for a deal have yet to be […]