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.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com