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Feb 4, 2022
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tom: with oil at $93 a barrel, javier blas joins us with bloomberg opinion. book on hydrocarbons, "the world for sale." are the saudis and the russians on the same page? javier: they are. i think they are very happy with what they see at the moment on the market. they are producing a lot of oil. the market is above $90, heading towards $100. they are going to megaton of money. the russians perhaps are more worried about the response of shale, but i don't see russia putting any pressure whatsoever on saudi arabia to drag more barrels into the market. tom: five dollars a gallon gas. when we get there soon, it will be something to behold. can america turn on the supply effort? javier: america is actually drilling a lot, and i think that shale may surprise to the upside this year. potentially it is not going to be known because the main problem on the oil market is now. now is when we are beginning to see this. we are seeing the refiners paying huge premiums over the futures market to secure oil in the physical market. the shale production is going to come, but i
tom: with oil at $93 a barrel, javier blas joins us with bloomberg opinion. book on hydrocarbons, "the world for sale." are the saudis and the russians on the same page? javier: they are. i think they are very happy with what they see at the moment on the market. they are producing a lot of oil. the market is above $90, heading towards $100. they are going to megaton of money. the russians perhaps are more worried about the response of shale, but i don't see russia putting any...
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Feb 23, 2022
02/22
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jonathan: javier blas of bloomberg opinion. [laughter] anyway, i digress. on the bti, $96.93.rd the words, we either get a deal done before next week with iran or we don't get a deal done at all. tom: i am going to go back to 6:00 this morning with the release of the bruise chasm and note at j.p. morgan -- the bruise chasm and -- the bruce kasman note that gets you back to $150 a barrel oil. we are going to go to something lower and better priced. . jonathan: leadership here in america don't want it at $100 for sure. they don't want it in the 90's either. lisa: so many people are counting on demand actually waning as we get into the latter part of the year, that basically you will get a big surge and then they will calm down. so many variables to determine how much is going to be necessary in the meantime before we normalize. jonathan: don't get stuck somewhere i not be able to travel anywhere. you never finish the story for the audience. you went down to atlanta, got stuck there for a night, and then had to come back up to new york. that was your long weekend. lisa: with kids
jonathan: javier blas of bloomberg opinion. [laughter] anyway, i digress. on the bti, $96.93.rd the words, we either get a deal done before next week with iran or we don't get a deal done at all. tom: i am going to go back to 6:00 this morning with the release of the bruise chasm and note at j.p. morgan -- the bruise chasm and -- the bruce kasman note that gets you back to $150 a barrel oil. we are going to go to something lower and better priced. . jonathan: leadership here in america don't...
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Feb 24, 2022
02/22
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javier blas, thank you so much. got to sit on this for a moment.s from the russian. he wants to militarize the country, replace its leaders -- to demilitarized the country, replace its leaders. $700 million worth of commodity trading happening every sin will day between the u.s., the u.k., europe, and russia. lisa: we can't get away from the uncomfortable truth that we have not diverted our resources away from russia and that we depend on them for our energy, and i am talking about the u.s. and even more so in europe. in addition, rbc put out a note basically saying that the international reserves of russia are at the highest levels ever as a result of the higher oil prices. they have been preparing for this, so it really raises questions for what kind of shock and awe could bring them to the table anymore material way. jonathan: that was javier's point, that they have been running a bunch of surplus, raising cash. they have been making sure they are ready for this over the last 12 months. tom: the heart of the domestic structure for mr. putin, and
javier blas, thank you so much. got to sit on this for a moment.s from the russian. he wants to militarize the country, replace its leaders -- to demilitarized the country, replace its leaders. $700 million worth of commodity trading happening every sin will day between the u.s., the u.k., europe, and russia. lisa: we can't get away from the uncomfortable truth that we have not diverted our resources away from russia and that we depend on them for our energy, and i am talking about the u.s. and...
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Feb 24, 2022
02/22
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i really want to emphasize here what javier blas said. accounts have to settle, sometimes hourly, but definitely on a daily basis. the size of the margin calls throughout the commodity trading industry is going to be simply humongous. this time, it is not just gas. it is everything. flat prices are higher, too. credit lines are going to be stretched everywhere. we forget that in the world of finance, you've got to show your cards. you've got to settle every day. jonathan: when you move this quickly, i am it sounds cliche, but when you move fast, things break. things have moved really quickly in several parts of the market. lisa: we are seeing moves that are the biggest since march 2020. we know what happened then. at what point does it succumb -- does it become a financial system issue? that is why it really caught my attention, the one-month t-bill yields, which were deeply negative. how much is that dive for cash going to russell things? jonathan: from new york city, for our audience worldwide, on tv and on radio, the extended coverage
i really want to emphasize here what javier blas said. accounts have to settle, sometimes hourly, but definitely on a daily basis. the size of the margin calls throughout the commodity trading industry is going to be simply humongous. this time, it is not just gas. it is everything. flat prices are higher, too. credit lines are going to be stretched everywhere. we forget that in the world of finance, you've got to show your cards. you've got to settle every day. jonathan: when you move this...
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Feb 25, 2022
02/22
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this is what javier blas writes, that the u.s. is financing the war in ukraine by buying hundreds of thousands of dollars worth of russian resources a day. either stop buying them or find a way to stop the payments. it is the only thing he come up putin, is unlikely to have priced in. manus: roll out the playbook. the saudis did it to the russians, and guess who won? they yen was strong. tenure paper had a 15 basis point drop. we are back on the fed narrative. talks about a 50 basis point hike in march. brent above $100. jp morgan says 125 dollars because of the incapacity of russia to deliver on their side of the bargain on production. is there more pain to come on the ruble? it did pare its worst losses. how are the equities? dani: it might be a case of saul the rumor, by the news, or a case of rallying. either way, strong session in terms of asia-pacific, up by 1%. the u.s. staged a rebound. at that rebound in the u.s. stalling this morning with tech underperforming. nasdaq futures down. manus: we will check in on some of those
this is what javier blas writes, that the u.s. is financing the war in ukraine by buying hundreds of thousands of dollars worth of russian resources a day. either stop buying them or find a way to stop the payments. it is the only thing he come up putin, is unlikely to have priced in. manus: roll out the playbook. the saudis did it to the russians, and guess who won? they yen was strong. tenure paper had a 15 basis point drop. we are back on the fed narrative. talks about a 50 basis point hike...
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Feb 7, 2022
02/22
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tom: crude had a resilient $92 to breakthrough, as hobbies bloss -- as javier blas suggests would be interesting. shahid ladha, head of g10 rates strategy at bnp paribas. i know the migration from four to six rate hikes in the united states. what do you need to see to go from six to eight rate hikes? shahid: thank you for having the. i think we have been on the hawkish side for some time and really opening up the distribution more. there is a question of runway, and i think that question is even more asks now with the ecb on the bank of england being more aggressive on an exit plan. the fed needs to move. the fed needs to move quickly. clearly behind the curve. fixed rate hikes may be more the center of the distribution. we could see one every meeting, and we don't rule out 50 or a fed funds rate closer to 2% for year end. jonathan: build on what you just said. does it make it 80 your -- doesn't make it easier or harder that they are all trying to do this at the same time? shahid: we've heard from powell this time is different, and how this time is different we think is with velocity
tom: crude had a resilient $92 to breakthrough, as hobbies bloss -- as javier blas suggests would be interesting. shahid ladha, head of g10 rates strategy at bnp paribas. i know the migration from four to six rate hikes in the united states. what do you need to see to go from six to eight rate hikes? shahid: thank you for having the. i think we have been on the hawkish side for some time and really opening up the distribution more. there is a question of runway, and i think that question is...
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Feb 1, 2022
02/22
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i will leave it to javier blas, will kennedy, and our world-class team.are moving from dallas to houston to save $6 billion. they got a 10 year annual return of under 3% per year. it has been great, but they are in catch-up mode. jonathan: the stock is up in the premarket, up 24% and some year to date. what a move off the back of what has happened with crude. energy equity is where the outperformance was in a massive way on the s&p. your s&p down 0.1%, leaving behind the biggest monthly drop going back to march 2020, down 5% on the year. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. in the u.k., prime minister boris johnson is again under fire from members of his own conservative already. a report into partying in downing street during lockdowns slammed failures of leadership at the top of johnson's government. johnson promised conservatives he will get back on track, but many are not convinced he can turn things around. while, police are still conducting their own investigation. winter olympics may be more of a drag on beijing'
i will leave it to javier blas, will kennedy, and our world-class team.are moving from dallas to houston to save $6 billion. they got a 10 year annual return of under 3% per year. it has been great, but they are in catch-up mode. jonathan: the stock is up in the premarket, up 24% and some year to date. what a move off the back of what has happened with crude. energy equity is where the outperformance was in a massive way on the s&p. your s&p down 0.1%, leaving behind the biggest monthly...