Oil prices could go ‘parabolic’, putting global economy in ‘critical situation,’ says Trafigura chief
Posted on AllSides June 8th, 2022
From The Center
‘We have got a critical situation. I really think we have a problem for the next six months…once it gets to these parabolic states, markets can move and they can spike quite a lot.’
— Jeremy Weir, chief executive, Trafigura
That’s Jeremy Weir, who heads up Trafigura, one of the world’s largest commodity traders, sounding the alarm bell at the FT Global Boardroom conference on Tuesday, according to the Financial Times. He’s the latest bigwig to sound the alarm over the potential for global economic turmoil as the Russia-Ukraine war stokes...