Episode 98 - The Bromance is over | China and Iran | Coronavirus | Democratic primaries - a podcast by Ryan Ray & Ellen Wald

Markets are looking for drama and Coronavirus provides it.

Oil up as hopes of OPEC cut, stimulus counter virus gloom
https://www.reuters.com/article/us-global-oil-idUSKBN20P03B
- there is a real economic demand impact here - 70 airlines changed flights to China

Putin says Russia can handle oil slide but hints at OPEC cooperation
https://www.reuters.com/article/us-china-health-russia-oil/russias-putin-says-current-oil-prices-acceptable-idUSKBN20O1HD
- Russian position is that they don’t need to cut
- Putin is playing it cool, would like extra money but not necessarily

OPEC will 'go beyond' what the market has currently priced in, strategist says
https://www.cnbc.com/2020/03/02/opec-will-go-beyond-what-the-market-has-currently-priced-in-strategist-says.html
- OPEC could deliver a 1.2 million bpd cut
- That’s basically writing off Libyan production
- posturing that doesn’t make sense - especially when its based off of a “source in the know.”

Oil Looks Into Abyss as Coronavirus Threatens Demand Contraction
https://finance.yahoo.com/news/oil-looks-abyss-coronavirus-threatens-200136635.html

Oil Is Still Plunging as Demand Falls. One Big Buyer Is Out There.
https://www.barrons.com/articles/oil-crude-coronavirus-china-demand-51582914201
- RBC claims that preliminary satellite data shows China is increasing oil in storage. But there are other explanations for this! Don’t assume they are buying more, could be regular purchases going into storage.

One of the World’s Largest Energy Summits Canceled on Virus
https://www.bloomberg.com/news/articles/2020-03-01/giant-houston-energy-conference-canceled-on-coronavirus-concerns

Come see Ellen at the Cato Institute on March 4 or watch the live stream here: https://www.cato.org/events/the-iran-crisis-and-american-energy-security

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