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Home > Energy Week > Episode 78 - Saudi Arabia sends mixed signals | Trump and Russia | Rockets and Drones and oil, oh my!
Podcast: Energy Week
Episode:

Episode 78 - Saudi Arabia sends mixed signals | Trump and Russia | Rockets and Drones and oil, oh my!
Category: Government & Organizations
Duration: 00:38:57
Publish Date: 2019-08-20 08:24:44
Description: Saudi Arabia is dramatically changing its oil exports to China and the US https://www.cnbc.com/2019/08/15/saudi-arabia-dramatically-changing-its-oil-exports-to-china-and-the-us.html Mixed bag of signals about what Saudi relationship with United States is - are Saudis changing that relationship? Why are Saudis decreasing oil shipments to the United States and increasing exports to China? US is a reliable customer - Aramco can decrease its exports to the US without worrying that it will lose the US as a customer. Trump’s Oil Sanctions Leave Russian Exporters $1 Billion Richer https://finance.yahoo.com/news/trump-oil-sanctions-leave-russian-040000349.html Sanctions on Iran and Venezuela have made Urals crude more expensive and therefore Russia made more money. Spread between Urals crude and European benchmark decreased as a result of sanctions. Is there a nefarious connections here? Oil rises 0.7% as Wall Street rebounds, but weak OPEC outlook caps gains https://www.cnbc.com/2019/08/16/oil-markets-us-retail-sales-global-economy-in-focus.html How much oil would OPEC actually have to cut to make a difference in price in this market? Down 20-30 rigs in US July. The Rocket And Drone Attacks Against Saudi Arabia Are A Nuisance But Strategically Irrelevant https://www.forbes.com/sites/ellenrwald/2019/08/18/the-rocket-and-drone-attacks-against-saudi-arabia-are-a-nuisance-but-strategically-irrelevant/#2dcd9d0685c4 Not impacting market either. Saudi oil infrastructure has a great deal of redundancy built into the system that makes it difficult to actually disrupt Saudi Arabia’s flow of oil. RV sales - an indicator of recession? https://www.wsj.com/articles/one-countys-rv-industry-points-to-recession-around-the-bend-11566207001?redirect=amp#click=https://t.co/NHUsJFfczk Is this the new indicator for recession.
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