“Uncle Sam might just allow a little bit more of that oil to flow,” Mike Muller, head of Asia at Vitol Group, said Sunday on a podcast produced by Dubai-based Gulf Intelligence. “If the midterms are dominated by the need to get gas prices lower in America, turning a somewhat greater blind eye to the … Read more
Global oil supply and demand levels remain stable, with no severe disruption yet to Russian exports, and thus require little action from the 23-nation alliance, according to officials. With most members besides Saudi Arabia and its neighbors struggling to increase production, the group’s decisions are in any case becoming largely symbolic. .
“There’s panic selling in a lot of tech and other high-multiple names, and the money coming out of there seems headed in particular for energy, which for now has a favorable outlook, given commodity prices,” he said. “Companies like Aramco are benefiting significantly from this environment.” .
Putin, Saudi Crown Prince Upbeat on OPEC +, Kremlin Says of Call.
And there’s another way of looking at the situation. While the war will force nations to take a more hard-headed approach to tackling climate change, it should also help them realize that their national security depends on switching to homegrown clean energy, says Christiana Figueres, an architect of the 2015 Paris Agreement. “What I expect … Read more
