Will Cunliffe
Research Analyst, Flux
The Daddy of all Deals!
A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...
A mega deal makes everyone happy! Dubai gains some ground and Kuwait has big oil plans...
The greatest deal! If the EU can make the mother of all deals with India, the US can make the big daddy deal! Powers now court India with love and devotion. They all want to give a deal. But they also want things back. In Trump’s world, this means India will stop buying Russian oil and replace it with Venezuelan under US custody. Of course, Modi wouldn’t directly address the question of Russian oil and the Kremlin spokesman said Russia has heard no such comments from India. The oil market didn’t really react, as Brent ebbed along lazily through the Asian session, reaching the close at $66.11/bbl, before a post-window drop had it down 80c – which was quickly recovered.
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