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Real Vision: Finance & Investing

Understanding OPEC's Surprise Move

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 22 April 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

This episode is in partnership with The Gold Investment Letter - helping sophisticated investors successfully navigate capital markets and maximize profits in gold, silver, and mining stocks. GIL discovers the most undervalued companies and isolates special situations in the mining sector for our members. Sign up for our free E-letter for immediate action: https://www.goldinvestmentletter.com/realvision The Saudi-led cut has drawn criticism from the Biden administration. Maggie Lake speaks with Harris Kupperman, Founder & CIO, Praetorian Capital about OPEC’s surprise cut and what it says about U.S.-Saudi relations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there!

0:01.0

Before we get started, just want to let you know today's Real Vision Daily Briefing

0:04.6

is in partnership with the Gold Investment Letter, helping sophisticated investors successfully

0:10.1

navigate capital markets and maximize profits in gold, silver, and mining stocks.

0:16.0

GIL discovers the most undervalued companies and isolates special situations in the mining

0:21.5

sector for their members, breaking down unique topics such as investor psychology, portfolio

0:27.4

management, and macroeconomic trends, with a goal of drastically improving investment

0:32.7

returns.

0:33.8

Sign up for this free e-letter for immediate action, goldinvestmentletter.com.

0:46.0

Hi everyone, this week OPEC Plus surprised the world by cutting production for a deep dive

0:51.0

on what this means for the economy and geopolitics, I'm joined by Harris Copperman founder of

0:55.6

Pretorian Capital Management.

0:56.6

Hi, copy, how are you?

0:57.6

I'm doing well, thanks, how are you?

1:00.6

I'm doing okay, so we know that you're paying attention to the oil patch, so we wanted

1:06.8

to catch up with you and we had a quick email exchange because you're paying close attention

1:12.2

to this and it really did OPEC Plus's decision to cut the supply, really did seem to catch

1:17.4

the market off guard, clearly everyone's been worried about banking and a banking crisis,

1:22.2

but what's your take on this?

1:24.1

What do you think was behind that?

1:26.1

Well, I think OPEC Plus looked at the SPR draining and they kind of realized that this

1:30.6

was their moment to exert pressure, I mean, without an SPR to play defense, they can move

...

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