Sarah Kiernan
Showing 1–3 of 3 transcripts.
- Goldman Sachs10 min
The future of the energy industry: Goldman Sachs leaders discuss
Neil Mehta, Sarah Kiernan, Daan Struyven, Don
Global oil demand surged to a record high in 2023 and is projected to reach 107 million barrels per day by the end of the decade, driven by emerging market growth and a post-pandemic travel rebound despite a historical investment deficit. As the energy transition introduces market volatility through intermittent renewable generation and rising capital costs, major oil and gas producers are pivoting toward decarbonization strategies like hydrogen development and carbon capture rather than entering the utility sector. Meanwhile, Goldman Sachs' commodities division is supporting clients by managing price risk exposure and facilitating access to capital markets for these evolving energy projects.
- Goldman Sachs6 min
Silver’s Retail Rally
Following a late January rally driven by retail investors seeking to replicate equity market maneuvers, silver prices have settled near $27 per ounce after hitting a peak of $29. Market analysts distinguish this event from stock speculation by highlighting structural hedges from corporate participants and a constrained global physical supply estimated at $50 to $60 billion, which limits the potential for retail manipulation. Concurrently, a growing investor thesis positions silver as an inflation hedge while aggressive government targets for solar power expansion in the US and China are expected to significantly boost long-term industrial demand.
- Goldman Sachs8 min
Commodities Update: Silver Steps Out of Gold’s Shadow
A panel of market experts analyzes the recent volatility in commodity markets, contrasting the oil sector's rebound from a historic price crash with the strong, inflation-hedged rally in gold and the industrial-driven surge in silver. The discussion highlights diverging investor sentiments regarding OPEC+ production strategies and U.S. shale recovery against bullish drivers such as infrastructure demand and clean energy subsidies. Key outcomes include updated price targets for precious metals and a framework for assessing supply constraints versus capital rotation between asset classes.