Paul Sankey, founder and lead analyst at Sankey Research, says Saudi Arabia may “dump the market and try to make everyone honest again” in the second quarter of next year out of frustration with production from Iran and the US.
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Oil, gas and mining
9 Comments
Besides punting US global market dominance and global market dictates to OPEC+, the Biden and Obama JCPOA puppeteers, have become Iran’s multi 100 Billion dollar go to – ATM
If trump wins. All bet on a strong dollar and usa again being an exporter of oil
Nah! Demand will drop off a cliff as the recession sets in.
Saudi Arabia probably can’t flood the market without significantly impacting Russia’s revenues and ability to fund its ongoing invasion of Ukraine, that could be why Putin flew in
At the same time, the US is just waiting to refill the SPR on the cheap
US is playing this game extremely well
6 comments and I can’t see a 1. Come on Bloomberg 🤷🏻♂️
I’m fine with $70 oil and I’m energy oriented in my portfolio.
Time to replenish the SPR.
US needs to protect its domestic oil suppliers just as they are protecting the chip industry.
need oil to hit $90