Episode 118 - Oil prices | Presidential election | India&China&Trump, oh my! | Cruz: THE FLOTILLA COMETH - a podcast by Ryan Ray & Ellen Wald

Oil Trades Near $42 Amid U.S.-China Tension and Weaker Dollar
https://www.bloomberg.com/news/articles/2020-07-26/oil-stable-as-signs-of-easing-virus-offset-u-s-china-tensions
- largest contango structure in Brent since May
- commodities boosted by weak dollar

Iraq increases oil exports in July, still pumps above OPEC+ target
https://uk.reuters.com/article/oil-iraq/update-1-iraq-increases-oil-exports-in-july-still-pumps-above-opec-target-idUKL5N2ES500
- Iraq overshoots its target for OPEC and pumps more
- Exports from Iraq averaged 2.70 million bpd so far in July

Putin Considers Mexico-Style Oil Hedge as Insurance Against Slumps
https://www.bloomberg.com/news/articles/2020-07-22/putin-mulls-mexico-style-oil-hedge-as-insurance-against-slumps
- Putin considering hedging Russia’s oil to prevent against losses
- Only country that hedges to such an extent is Mexico
- How much of Russia’s production would they actually hedge?

China imports more oil from Saudi than any other country in June
https://www.reuters.com/article/us-china-economy-trade-oil/china-imports-more-oil-from-saudi-than-any-other-country-in-june-idUSKCN24R07S
- China imported 2.16 million bpd from Saudi Arabia in June—more than it imported any other country

Russian Oil Grab in Libya Fuels U.S.-Kremlin Tensions inMideast
https://www.wsj.com/articles/russian-oil-grab-in-libya-fuels-u-s-kremlin-tensions-in-mideast-11595772000
- What are Russia’s real goals in Libya? Do they want to take over Libya’s oil resources? Make money?
- Libya is a place where Russia can do the dirty things they want/need to do to make money.
- Does Russia’s expansion into the Middle East may have more to do with the places next to Libya, Syria and Iran than those countries themselves.

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