Brent May Rise to $90 by Mid-2019, CBA's Dhar Says

The video discusses the geopolitical implications of Saudi Arabia's oil policies amidst the Jamal Khashoggi controversy. It explores the potential for Saudi Arabia to use oil as a political weapon, a significant shift from their historical preference for prioritizing petroleum over politics. The discussion also covers the impact of upcoming Iran sanctions on global oil supply, predicting a possible increase in oil prices due to reduced Iranian exports and potential Saudi threats. The video forecasts Brent crude reaching $90 a barrel by mid-next year, with the possibility of earlier price hikes depending on geopolitical developments.

What historical approach has Saudi Arabia typically taken regarding oil and politics?

• They have always prioritized politics over petroleum.

• They have consistently put petroleum over politics.

• They have never used oil as a political tool.

• They have frequently changed their policy based on global events.

What could potentially cause Saudi Arabia to change its oil policy?

• A new trade agreement with the US.

• A decrease in global oil demand.

• Increased global pressure and sanctions.

• A rise in domestic oil production.

What is the expected impact of the Iranian sanctions on global oil supply?

• An increase in global oil supply by 1%.

• A decrease in global oil supply by 1%.

• A decrease in global oil supply by 1.5%.

• No significant impact on global oil supply.

How might the combination of Saudi threats and Iranian sanctions affect oil prices?

• It could have no effect on oil prices.

• It could stabilize oil prices.

• It could lead to a decrease in oil prices.

• It could cause oil prices to rise earlier than expected.

What is the predicted price of Brent oil by the middle of next year?

• $80 per barrel

• $90 per barrel

• $70 per barrel

• $100 per barrel