Merrill Lynch’s Yazhari Expects Oil to Rally Into the Summer

The transcript discusses oil price forecasts, highlighting a potential summer rally and the impact of OPEC meetings on market volatility. It examines the Saudi petrochemical sector's underperformance and the banking sector's positive earnings growth, emphasizing a shift from margin expansion to volume growth.

What is the expected average oil price for the year according to the discussion?

• $80.00

• $70.00

• $90.00

• $60.00

What could be a potential trigger for increased oil market volatility?

• A rise in consumer demand

• The next OPEC meeting

• A decrease in oil production

• A change in government policies

Which sectors have not performed well in Saudi Arabia this year?

• Banks

• Consumer services

• Food and beverages

• Petrochemicals

What was the year-on-year decline in earnings for the petrochemical sector?

• 30%

• 40%

• 10%

• 20%

What is the expected shift in focus for banks in 2019?

• From consumer services to petrochemicals

• From loan growth to cost reduction

• From margin expansion to volume growth

• From volume growth to margin expansion