
Surveillance: Oil Feedback Loop with Currie
Bloomberg Surveillance
00:00
Long Dated, Long Term Oil
As europe faces a winter of discontent, weth they're flat on their back. Where is the extra margin of supply good ot come from for europe at a time when the us. Is exporting more than it ever has and is facing some constraints with production there? Why? I think the answer to that is, look domestically. You're going to get it through weaker demand. O, we're bearish european natural gas going into january and february,. and see it trading below a hundred uros per megawa hour. What is the optimal price of a barrel of oil for opec? Well, if you look at wh where the equilibrium price should be
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