Oil Keeps Rising As Russia Invasion Upends Energy Markets

The transcript discusses the dynamics within OPEC+ and the influence of Russia on oil production, especially in light of the Russian invasion of Ukraine. It highlights the pressures on countries like UAE and Saudi Arabia to increase oil supply amidst geopolitical tensions. The concept of self-sanctioning is explored, with its potential to become a permanent market feature. The discussion also covers the trajectory of energy prices, the risk of recession, and the economic impact of rising oil prices.

How has the Russian invasion of Ukraine impacted the oil market according to the text?

What are the competing pressures faced by UAE and Saudi Arabia in the context of OPEC plus?

What is meant by the term 'self sanctioning' in the context of the oil market?

What price levels are mentioned as potential thresholds for causing a recession?

What factors could lead to a rise in crude prices according to the discussion?