MBCC TH 6th September'23 - "Saudi Arabia is relying too much on economists calling for soft/no landing, is it the right strategy?"

What is Saudi Arabia doing and why? What is their motivation? Is it to get a higher price to then offload Aramco stock? Or just hedge and lock in prices to protect their future spending plans. But what they are doing includes a ton of assumptions from economists, which we know never get the cycle right.

Remember spreads today tell you where oil has been, not where it can go!