Bloomberg Talks
Ed Morse Talks Oil Markets
Feb 19, 2025
Edward Morse, Special Advisor at Hartree Partners LP and former Citigroup expert, dives into the complexities of global oil markets. He discusses Saudi Arabia's evolving oil strategy amid OPEC and Russia's influence. Morse also examines the relationship between oil demand and GDP, revealing historical shifts and future forecasts. The volatility of oil prices due to geopolitical factors is highlighted, alongside the U.S.'s rise as the top oil exporter, all while touching on Germany's energy dependencies and the electric vehicle boom.
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Quick takeaways
- Saudi Arabia is diversifying its economy away from oil dependency while maintaining crucial relationships with other oil-producing nations to stabilize prices.
- The U.S. has shifted to being the world's largest oil exporter, gaining significant leverage over global energy supply dynamics and foreign policy.
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