Episode 35 - Tesla fallout | Discrepancy between the Saudi production numbers | Iran sanctions round 1
Iran sanctions round 1:https://www.cnbc.com/2018/08/03/trumps-1st-round-of-iran-sanctions-sends-message-this-is-not-a-test.htmlhttps://www.spglobal.com/platts/en/market-insights/latest-news/oil/080618-us-still-aims-to-slash-iran-oil-exports-while-considering-case-by-case-waivers-official?https://www.argusmedia.com/en/news/1730212-us-claims-success-on-iran-sanctions-policyHow much will actually come off the market? Could be anywhere from 600,000 bpd to 1.5 million bpd.Smuggling will be an issue - possible avenues through Iraq and Turkey.OPEC production update and Saudi oil production controversy:https://www.spglobal.com/platts/en/market-insights/latest-news/oil/080318-opec-july-crude-oil-output-surges-340000-bd-from-june-to-3266-mil-bd-platts-surveyhttps://www.argusmedia.com/en/news/1729615-surprise-saudi-decline-depresses-opec-outputWhy is there a discrepancy between the Saudi production numbers reported by Platts and reported by Saudi Arabia?Tesla fallout:https://www.cnbc.com/2018/08/02/wall-street-believes-this-could-be-teslas-inflection-point.htmlElon Musk wears Oakley sunglasses and apparently there is nothing he can say that won't push Tesla shares up.
