221- Saudi Arabia and U.A.E. Clash Over Oil

Saudi Arabia and U.A.E. Clash Over Oil, Yemen as Rift Growshttps://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 capacityForget Peak Oil Demand: A Thirst for Barrels Puts $100 in Viewhttps://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. 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