Saudi Arabia and the Khashoggi Effect on the Oil Market

The video discusses the Saudi government's oil strategy, focusing on why they won't weaponize oil due to their reputation as a reliable supplier. It explores the potential for higher oil prices and the impact of US-Saudi relations on this strategy. The video also examines potential supply disruptions in Iran and Venezuela and the evolution of US policy regarding oil exemptions. Finally, it provides an outlook on the oil market, highlighting potential risks and the expected supply-demand balance.

Why is the Saudi government unlikely to use oil as a weapon?

• They are focused on renewable energy.

• They lack the resources to do so.

• They have no interest in the global oil market.

• They have a strong reputation as a reliable supplier.

What is a key factor that could influence Saudi Arabia's decision to adjust oil output?

• Technological advancements

• Weather conditions

• International sanctions

• Domestic oil consumption

What might force the US to grant waivers regarding Iran?

• A new trade agreement

• Supply disruptions in Iran and Venezuela

• Political pressure from Europe

• Increased domestic oil production

What is the expected average Brent forecast for 2019?

• $60

• $72

• $85

• $90

What is the assumed demand growth in the oil market outlook?

• 2 million barrels a day

• 0.5 million barrels a day

• 3 million barrels a day

• 1.4 million barrels a day