Gas hangs in the balance of geopolitical peace talks, oil is long-term, says RBC's Helima Croft (youtube.com)
Riyyad talked about as ‘the new Vienna’ with important political figures meeting there to work out international deals. Russia Ukraine is one thing, but Israel possibly striking Iran's nuclear facilities is another.
European countries have had some de-industrialization because of the energy cost increase after they sanctioned Russian oil and gas. Gas is a country to country issue, she said. Will Europe start piping Russian gas again? Watch the German election.
‘China looms large. Now that we’re friends with Russia again. Go figure!' CNBC.