First broadcast: 1/12/2014
George Magnus, senior economic adviser to UBS AG in London, says energy companies may face “financial difficulty” if oil prices continue to fall “substantially”. He speaks to Anna Edwards, Mark Barton and Manus Cranny on Bloomberg Television’s “Countdown” after West Texas Intermediate tumbled below $65 a barrel to the lowest level since July 2009 amid speculation prices have further to drop before OPEC’s decision to maintain output slows U.S. shale supply. (Source: Bloomberg)…“more:”
