Press review: Biden’s Mideast tour flops and shunning Russian energy may bring down EU Oil & gas rise again, after Biden's failed mission in ME:
Ummm ... "Oil market watchers have become senior macroeconomists lately, with price swings increasingly dependent on larger market sentiment. This week’s seesawing was in large part driven by the market expecting a 100 basis point hike, sending all global crude benchmarks crashing down to double digits, however as soon as the US Federal Reserve opted for a more modest 75 bps hike, ICE Brent bounced back to $102 per barrel. Following the recent hedge fund sell-off, it seems that there is still no consensus on the main driving trend in the markets – fears of economic recession are just as strong as the feeling of immediate physical tightness."
Maybe he can also ask for another 2 billion dollars for Jared Kushner's "investment" company, from his buddy MBS.
Joe Biden stopped arm sales to Saudi Arabia over the Khoshoggi killing. In addition, the US did nothing while, the Houthis attacked Saudi Arabian oil installations. On top of that he asks OPEC to increase oil production which could result in lower oil prices? Nothing in what Joe Biden wants will benefit Saudi Arabia. So, why the hell should the Saudi Arabian government do anything for Joe Biden? They probably, miss President Donald Trump. Remember his red carpet treatment, sword dance with the Saudi sheiks then, a $250 billion arms contract on top of that? Of course, they knew that the US would have their back, sell them advance weapons to defend themselves under President Donald Trump. Joe Biden is wimp despite, overwhelming positive coverage by extreme liberal media trying to portray Joe Biden as this great leader? The fiasco of the Ukraine war, war on US oil companies, high inflation brought by huge spending without restraint, wide open borders, allowing criminals to be released en masse shows Biden is incompetent as hell.
A good analysis & truth. It seems none of Biden's advisors had any clue about this nor the other listed facts