Energy Risk Europe: eurozone sovereign debt fears could exacerbate oil supply problems, says Currie
Fears that the sovereign debt crisis will lead to global financial shock is causing oil producers to reduce inventory and cut back investment – creating a potential supply problem in future, warns Goldman Sachs commodities research head
Fears that the sovereign debt crisis in the eurozone will lead to financial stress across the globe is causing oil producers to destock and cut back on investment - shifts that could lead to supply problems if a global systemic event does not occur, warned Jeffrey Currie, global head of commodities research at Goldman Sachs, speaking at the Energy Risk Europe conference in London this morning.
Currie pointed to the events of 2008, when an economic slowdown in the US had little impact on global
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