Episode notes
Watch video here > https://youtu.be/6bTOkEhrpbM
All eyes on China
China lowers demand before signing massive oil contracts
China tried to butter up the young prince with 32 massive contracts
China agenda was to settle these contracts in the Yuan
Saudi along with many others were concerned with Chinas faltering economy and said no to Chinese Currency
China has no choice but remove all covid restrictions and no better time as he has energy security after having all the agreements in place with Russia and Saudi
Why Oil Prices did not rally to $130 in 2022?
Russian disruptions did not materialize
Covid Lock Downs in China
The Fed increased 325 basis points causing a strong dollar and reducing
50% of t ...
... Read moreKeywords
kingdom explorationpeak oiloil priceschina saudi arabiahow to invest in oiloil and gas podcastoilchina lockdown oil pricesoil investing podcastopec podcast