Panic over Saudi oil supply has subsided: Reza Amanat, Argus Media
The panic or the worry that this outage in Saudi Arabia might take months to clear has obviously subsided, says Reza Amanat, Deputy Editor, Crude Oil Markets, Middle East and Asia-Pacific, Argus Media. Excerpts from the interview.
Yesterday markets were clearly reacting quite extremely to the uptick in crude, today we are seeing a slight cool off. There seems to be a little uncertainty as to whether or not we will actually see those prices ease off or whether we should still be aware of any geopolitical risks and the situation could potentially still be volatile. How would you assess it?
