Helima Croft, global head of commodity strategy at RBC Capital Markets, joins CNBC’s ‘Squawk Box’ ahead of the OPEC+ meeting on Thursday to break down the global oil supply. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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RUSSIAN FEDERATION will FIUCK THEM ALL….
Saudi and UAE cannot end run around OPEC limits. The Saudis are founding members of OPEC, why would they end run around the very cartel they established to bring stability to oil prices?
OPEC members are all benefiting from $100+ oil, how is it in their interest to bring this money party to a close?
“Biden to the Saudi to get their oil production back on track”
Who is to say that their production is not on track?
The language they use is foolishness
Cheers from west Africa
Now's the time to move away from oil and tell Saudi and Russia (the 2 top oil producers) to stick it.
Shipping insurance can be replaced by anyone with money. The Russians can insure their own tankers, they have enough assets. London will just be replaced. The 2 million barrels end up in India and China, that is a pretty open secret.
Exxon CEO has said in latest interview 1 year of oil lead time. Commodity isn't BOGO Retails! Get a grip Joe!
Stop the Biden radicals war against US Oil & gas and working class Americans!
She Means Chemical plants shutting Down !!! To make Oil Deisil
!!!!! What equipment runs on that ??? Train's ECT !!!
TRICKS TRICKS TRICKS BY INSTITUTIONS!!!
Do anyone notice at this point the only sellers out there are — short sellers? = paying interest everyday, unlimited losses. Investors just have to hold and buy more.
The Market has been pretty bad until today it decided to surge. Everybody was Practically Crying then. It kept dipping. That's what you get when you feel you can navigate the process on your own. Big thank to Alexis caballero. I'm not bothered with how bad the Market is because my assests are insured due to her advice and I still receive my profits
Nato and the USA should have thought about losing Russian Oil before they started this proxy war between Russia and Ukraine.
The ability to consider that the US has driven a major producer from the markets, for selfish reasons, seems to be avoided by all western media.
The purpose of Victoria Nulands War to produce sanctions seems to be a selfish effort to provide profits to the US Investors?
The US is the aggressor in the Eastern European conflict as the US GDP fades away and the US is forced to face the ability to pay for the excess spending that the purchase of the former Soviet Nations has cost them?
Western Media has to begin to face the facts as the Propaganda has so many holes in it that you can easily operate an LNG Tanker through the holes……
We want 10 bucks a gallon to push citizens out of gasoline guzzlers. Its already happening unless you can affored to pay 500 to 800 per month in gas. Lots of people are now eating cupanoodles because they made very dumb choices. Go electric and starting eating good again.
Easy solution to the Ukraine war and all of the oil crisis: Remove all of the latest sanctions on Russia, tell Ukraine that it will not be admitted to NATO and EU and that they should negotiate directly with the Russians and address thier problems between them. What is the West and the rest of the world going to lose in this?
Imitation is a good thing ~ Boe Jiden
Biden has zero plan to expand refining…expect 10 dollars gallon soon
100% False. If OPEC wanted to it could flood the market with oil as it has done in the past. What planet do you live on?
Why doesn’t the “president” incentivize domestic production so the US can be basically close to petroleum independent, like it was when biden got to the White House?
You know, like before this moron cancelled pipelines/all that President Trump’s administration did to make America basically energy independent….just an idea, lol
Hey guys…US has oil…so does Canada!
I say we turn on the domestic oil production…. You know like before this guy cheated his way in the office & started this whole fiasco, cuz he loves America so much 😂
In finland one gallon is abt 10 dollars
How about US and Canadian oil? We are in pain every day.
Let's go Brandon: GIVE US BACK THE ORANGE-UTAN!!! We had it easy when HE was in the office.
🌈Let’s Go Brandon
Big oil companies are setting the high prices and makes poor people suffer.
Macron said Saudis can't produce what we need. We need to drill in Alaska!
It seems hypocritical that the Democrats would be begging the middle east to increase oil production while actively impeding oil production in the U.S.
America is self sufficient in OIL, so why higher prices?
OPEC and OPEC + have to rush getting more sales before the recession
coming, they have to pump as much as they can to get the sales. So it is
catch a rabbit sales moment before global recession
Why ask our support the sanction Russia and increase oil prices. Now all allies countries having inflation. So in future, who will support US government decision after this crisis.
I own oil production stock, Biden is driving prices up by Policy. Thank you Joe Biden
President Biden going to Saudi Arabia to ask them to increase oil shipment to U.S. and the EU. OPEC is a strong admirers of President Bidden’s Presidency. Both the Saudi and UAE are founding members. These two countries just are in love with President Biden.😀👍