Matt Smith of Kpler says oil demand will kick in because of the summer driving season, among other factors that will support prices, but “it’s what comes after that … that’s the real concern.”
William Pesek, author of “Japanization: What the World Can Learn from Japan’s Lost Decades,” says, however, that there could be some “interesting fireworks” from the Bank of Japan later in the year.
Some Russians say they are uneasy talking about their nationality, as they fear reactions from those they meet may be hostile or combative, CNBC’s Monica Pitrelli reports.
Pavel Molchanov of Raymond James says if Saudi Arabia needs to cooperate with the Kremlin to maximize its revenues and economic well-being, “that is precisely what the powers that be in Riyadh will do.”
Simon Clarke of American Lithium says the U.S. Inflation Reduction Act ensures the U.S. can develop supply chains to compete on a global basis when it comes to critical minerals.
Vishnu Varathan of the bank discusses OPEC+’s decision to cut more than 1 million barrels a day of oil and says the “underlying intent was never really too far off.”
Lindsay Gorman of the German Marshall Fund’s Alliance for Securing Democracy says U.S. companies like Apple have significant manufacturing bases in China, and that complicates the “geopolitical picture.”
