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

Energy Week

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

https://www.wsj.com/articles/saudi-arabia-and-u-a-e-clash-over-oil-yemen-as-rift-grows-ff286ff9

- "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

https://finance.yahoo.com/news/forget-peak-oil-demand-thirst-110000334.html

- 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.

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