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Saudis Stay Cautious on Oil Production, Despite Warnings

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Saudi Arabia’s energy minister Prince Abdulaziz bin Salman says the kingdom will remain cautious about raising oil production, even as several prominent analysts warn rising demand will soon cause prices to rise beyond $100 a barrel. Bloomberg’s Paul Wallace reports on what the remarks mean for oil prices.

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10 Comments

10 Comments

  1. @susanpritchard

    January 31, 2024 at 5:28 pm

    🙏 Absolutely nice update… Its right to say last year turns out to be less productive in all aspects of the financial market….. All hope was not lost, as a trader most of us was able to be on track mostly when it comes to BITCOIN DAY TRADING by actively earning daily because of the accurate signals and guidance provided by Kenny Redding's…. Within duration of 6 weeks i was able to accumulate a total of 7.6btc having traded with my initial 0.8btc…

  2. @ahmedalsharman

    January 31, 2024 at 5:28 pm

    Lol 😅 Oil is crashing, why they need to increase supply !! They should cut instead.

  3. @Gww376

    January 31, 2024 at 5:28 pm

    Pour on drilling ,they will bend…scared

  4. @federalreservewolflegend3523

    January 31, 2024 at 5:28 pm

    Most intelligent people are aware Sauds are almost out of oil and are drinking the last of their oil wells atm.

  5. @lesliehatun2044

    January 31, 2024 at 5:28 pm

    Everyone wants 100 bucks per barrel WHICH is not conducive for INFLATION. War profiteering is off the charts.

  6. @MrRandyfive

    January 31, 2024 at 5:28 pm

    In Melbourne Australia… petrol just rose by 50 cents per litre over night…… And she’ll just made $40,000,000,000 in profits…… something going on.

  7. @allon33

    January 31, 2024 at 5:28 pm

    ha ha

  8. @leebruce9668

    January 31, 2024 at 5:28 pm

    What industry can you control production expect the oil industry. What a joke. If you did it in any other industry you would be fined throwned in jail.

  9. @jayjackson88

    January 31, 2024 at 5:28 pm

    $7 Trillion

  10. @donelpatterson9036

    January 31, 2024 at 5:28 pm

    $$$.. * FFIE.. Sun News Release.. Faraday Future. FF 91 SUV EV… Production Funding Secured.. The Ultimate Intelligence Tech Luxury SUV EV Arrives April 2023… A New Species of EV… $$$

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US Chip Suppliers Pull Back From China’s Yangtze After Biden Ban

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US chip-equipment makers are taking action to comply with new regulations to limit sales to Chinese customers. Applied Materials Inc., KLA Corp. and Lam Research Corp. are set to have began or are preparing to withdrawing staff from China’s most advanced maker of memory chips, Yangtze Memory Technologies Co. Stephen Engle reports on Bloomberg Television.

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Stocks Down & Bonds Up | Bloomberg Markets: The Close 05/30/2024

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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Kate Moore, BlackRock, G.J. Hart, Red Robin President & CEO, Jason Celino, KeyBanc Capital Markets, Bruce Carnegie-Brown, Lloyd’s of London Chairman, Kailey Leinz, Balance of Power, Jeff Kleintop, Charles Schwab, Woo Jin Ho, Bloomberg Intelligence, Mary Ross Gilbert, Bloomberg Intelligence, Diane Swonk, KPMG.

00:00:00 – The Close Begins
00:00:49 – What We’re Watching
00:03:00 – Kate Moore, BlackRock
00:13:27 – G.J. Hart, Red Robin President & CEO
00:19:31 – Top Calls
00:20:48 – Jason Celino, KeyBanc Capital Markets
00:24:19 – Bruce Carnegie-Brown, Lloyd’s of London Chairman
00:31:25 – Kailey Leinz, Balance of Power
00:37:38 – Jeff Kleintop, Charles Schwab
00:44:14 – Beyond the Bell
00:56:47 – Woo Jin Ho, Bloomberg Intelligence
01:01:28 – Earnings Round-Up
01:06:56 – Top Three
01:10:01 – Mary Ross Gilbert, Bloomberg Intelligence
01:14:22 – Diane Swonk, KPMG
01:21:27 – Trump Verdict Is In

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Biden Comments Send Oil Surging as Mideast Tensions Mount | Bloomberg The Pulse 10/04/24

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Israel said it bombed more than a dozen Hezbollah targets in Beirut on Thursday as Group of Seven nations warned against an uncontrolled cycle of escalation in the Middle East. President Joe Biden fueled uncertainty about what would come next when he was asked if the US would support Israeli attacks on Iranian oil facilities. Oil surged on Biden’s comments. In corporate news, Robinhood CEO Vlad Tenev speaks to Francine Lacqua about plans to bring retirement products to the UK soon, as the retail trading platform expands its offering.

Chapters:
00:00:00 – intro
00:12:09 – Oil Extends Record Surge
00:18:18 – Backlog at US Ports Could Take 12 Days to Clear, US Dockworkers Suspend Strike
00:21:00 – Robinhood CEO Vlad Tenev on London Stock Exchange Listings, European Crypto Rules
00:35:03 – EU Votes on China EV Tariffs
00:40:06 – Bank of England’s Pill Cautions Over Cutting Rates ‘Too Far or Too Fast’ 
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Amrita Sen of Energy Aspects says oil could still hit triple digits

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“I really believe this is Asia’s year.” Amrita Sen of Energy Aspects sees a return to triple-digit crude as China reopens, boosting demand. She’s on Bloomberg Surveillance.
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China Creates $47.5 Billion Chip Fund to Boost Domestic Industry

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China’s government has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic …

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