
Goldman’s Currie sees supply constraints extending oil price boom
Commodities Focus
00:00
Oil Prices Aren't the Cause of Demand Distruction
S and p global commody insight analytics sees non ope crude and conteate production outside of russia growing three million borels a day in the next four years. Jeff explained, while this is bearished by prices, it will not change the oil's supercycle path. But one thing i want to point out, with demand destruction, it's not a long term solution to the problem. It just creates a quick pull back in prices. And once the economic activity finds its feet again and you start to grow a boom, you hit the problem again.
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