193: Greg Newman – Dynamics and Themes Impacting the Global Oil Market
Chat With Traders
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The Impacts of the Drop in the Price of Oil on Other Industries
The drop in the price of oil has impacted other industries, for example, maybe airliners and other companies which are major purchases of oil. With companies, it's actually typically what we call corporates. They're not oil traders, they just have requirements to purchase oil and oil products to run their business. As you say, for instance, an airline. It's a very, very difficult time for airlines at the moment. That said, if they can consolidate, unwind their hedges, stop the bleed in the cash flow and just minimize operations and consolidate, they can look forward.
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