Sally Auld
speaker
5,823 appearances
57 recordings
1 series
first heard Sep 2024
last heard 17 Aug
Sally Auld’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 28 in all, peaking in Aug 2026 with 3.
Appearances
So you know some quite big news around OPEC.
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As you said, uh you know, the UAE is the third biggest oil producer i in that group of countries, so not an insignificant move and
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been a member for sixty years, um, but I guess news reports overnight
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Just suggesting that, you know, there's been long standing tension between UAE and and Saudi Arabia and, you know, I guess a bit of a jostle for
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regional political influence um and and those tensions behind the decision to to leave.
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Um and I guess the longer term implication of all of this is a a structurally weaker OPEC.
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So as you said, you know, all El SQL, maybe that should be putting some downward pressure on oil prices.
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But of course, uh that's not the really the main game in town and and, you know, markets are still
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I guess struggling somewhat w with the the broader uncertainty around the Middle East conflict where we have uh, you know, I guess some somewhat of a a ceasefire, but
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No real way forward in terms of what might happen uh to
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key shipping channels, uh and I guess also approaching uh, you know, uh a bit of an inflection point where as Iranian
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storage capacity starts to get used up, then, you know, we start to fret about uh some of those oil wells having to, you know, effectively be put on hold.
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Um and that has, you know, even longer term consequences for the supply of oil.
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Not surprising to see, I guess, against that backdrop, the price of oil continuing to to grind higher and it's now sitting a little bit above, you know, a hundred and eleven dollars uh a barrel.
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And that's a fair way away from where we were, you know, earlier in the month, you know, when oil seemed to to sort of be reasonably comfortable somewhere in the nineties.
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Yeah, that's right.
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So I guess it's uh it's an interesting uh headline just in the broader context of, you know, we've got these huge technology stocks that actually you know are almost a quarter of the value of the S P five hundred, so they're a huge part of uh, you know, the the overall
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US equity market index and uh you know this is the week where a number of them, you know, because we're we're sort of in the midst of US earnings season, a number of them are going to report earnings.
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Uh and these are extremely uh keenly watched by investors because you know the setup is such that all of these company companies are spending huge amounts on CapEx and and the big question
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Showing 1161–1180 of 5,823 · page 59 of 292
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