Cornerstone's Stuart Says Khashoggi Is 'Turning Point' for Saudi Arabia

The video discusses Saudi Arabia's oil production strategy, market reactions to the Khashoggi affair, and the challenges in increasing oil capacity. It highlights the impact of these factors on global oil markets, including potential oversupply and the need for significant investment to boost production. The discussion also covers market dynamics, such as the Brent spread and the implications of Saudi Arabia's comments on oil production.

What was Saudi Arabia's strategy to address market anxieties in 2018?

• Increase oil prices

• Reduce oil production significantly

• Pump as much oil as needed

• Limit oil exports

How might the Khashoggi affair impact Saudi Arabia's economic reforms?

• It will lead to increased oil production

• It will have no impact

• It will accelerate reforms

• It will hinder foreign investment

What is Saudi Arabia's long-term oil production goal?

• 12 million barrels per day

• 10 million barrels per day

• 15 million barrels per day

• 8 million barrels per day

What is required to maintain Saudi Arabia's spare capacity?

• Increasing oil imports

• Decreasing oil exports

• Drilling additional wells

• Reducing oil prices

How did the market react to Saudi Arabia's comments on oil production?

• Oil prices remained stable

• The Brent spread went into contango

• The Brent spread went into backwardation

• Oil prices increased by 10%