03.08.2023 - By Ryan Ray
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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