7min chapter

Bloomberg Surveillance cover image

Surveillance: JPM's Michele on the Fed

Bloomberg Surveillance

CHAPTER

Saudi Arabia's Reaction to Bond Turmoil and a Strong Dollar

This chapter explores Prince Abdullah's insistence on keeping cuts and his worries about the macro market. It discusses the mood at a conference in Oklahoma City, where optimism about oil prices clashed with market restrictions on investments. It also highlights the limited support from Western governments for oil and gas companies focused on ESG and renewables.

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