Mar 8 • 16M

221- Saudi Arabia and U.A.E. Clash Over Oil

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Appears in this episode

Ryan Ray
Ellen Wald and Ryan Ray discuss the week's events in energy, and what it all means to you.
Episode details

Saudi Arabia and U.A.E. Clash Over Oil, Yemen as Rift Grows

- "Once close friends, the two biggest Arab economies are increasingly competing for money and power"

- Will the UAE leave OPEC? 

- Doubtful because UAE benefits more by staying in OPEC

- They like people to think that they are talking about leaving

- UAE has spare capacity

Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View

- Will China's demand push oil to $100?

- Amin Nasser of Aramco says demand will outstrip supply soon-ish (maybe H2)?

- Recession in the West and not in the East?

- Is a recession really coming? Mixed indicators.

- It isn't in OPEC's interest to have a recession or runaway oil prices.