MacroVoices #479 Anas Alhajji: What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts?

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 8 May 2025

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss OPEC+ production increase & market reactions, Trump’s visit and oil politics, and the long-term outlook for oil and LNG & much more. https://bit.ly/43ldvBg What Do Saudi Arabia & Allies in OPEC+ Want from Accelerating the Unwinding of Voluntary Cuts? - Anas Alhajji 🔻Download Big Picture Trading Chartbook 📈📉: http://bit.ly/4d4I4hO ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://bit.ly/4d1fcag   🔴 Subscribe to Patrick’s Youtube Channel: https://www.youtube.com/@Patrick_Ceresna 🔴 Subscribe to Erik's Substack: https://eriktownsend.substack.com/ 🔴 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Please visit our website https://www.macrovoices.com to register your free account to gain access to supporting materials

Transcript

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0:00.0	This is Macro Voices, the free weekly financial podcast targeting professional finance,
0:14.0	high net worth individuals, family offices, and other sophisticated investors.
0:19.6	Macrovoices is all about the brightest minds in the world of finance and macroeconomics
0:24.7	telling it like it is, bullish or bearish, no holds barred.
0:29.0	Now, here are your hosts, Eric Townsend and Patrick Suresna.
0:35.4	Macrovoices episode 479 was produced on May 8th, 2025.
0:40.1	I'm Eric Townsend.
0:41.7	Energy Outlook Advisors Dr. Anas Al-Haji returns as this week's feature interview guest.
0:47.2	Anas says the press has it all wrong in their interpretation of the OPEC Plus Group of Eight's decision to increase June crude oil production
0:56.3	by 412,000 barrels.
0:58.9	Onus will explain what's really going on in Saudi Arabia and the real risks posed by an
1:03.7	escalation of tensions in Iran, Pakistan, and India.
1:07.9	And I'm Patrick Soresna with the macro scoreboard week over week as of the close of Wednesday,
1:12.7	May 7th, 2025. The SMP 500 index up 111 basis points to 5631. We'll take a closer look at that chart
1:21.6	and the key technical levels to watch in the postgame segment. The US dollar index up 29 basis points to 99.92, bouncing from an oversold condition
1:32.2	with retracement targets toward 101.102.
1:35.3	The June WTI crude oil contract down 55 basis points to 5789.
1:41.4	Oil continued to trade along the April lows.
1:47.6	The June Arbob gasoline unchanged on the week at 2002, the June gold contract up 166 basis points, trading at 3374, gold started a new breakout,
1:56.8	but will the bulls be able to break the price to old-time new highs.
2:05.3	The July copper contract up 22 basis points to 462.
2:09.7	Uranium up 318 basis points to 6980.
	...

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