#ZiadDaoud, Chief Emerging Market Economist At #Bloomberg LP Via #GustavoPhilippsenFuhr, Market Intelligence: "5 Things That Happened [Last] Week... 1. Oil Prices Aren’t Reflecting The Risk Of Major Supply Disruption From The Mideast..."

"5 things that happened [last] week:

Oil prices aren’t reflecting the risk of major supply disruption from the Mideast. Price today is $6 below 7 October level. Our estimate: Most of that decline is due to higher supply (image).
Mideast war latest: (a) Hamas leader killed in Beirut (escalation); (b) Blasts in Iran killed >84 people (escalation); (c) Islamic State claimed responsibility for Iran attack (de-escalation); (d) US killed militia leader in Iraq (escalation).
https://www.bloomberg.com/news/articles/2024-01-04/islamic-state-claims-responsibility-for-deadly-iran-blasts
Four options for the US to stop Houthi attacks on ships in the Red Sea: (a) Targeted strikes; (b) Major offensive; (c) Ship escorts; (d) Diplomacy & appeasement.
https://www.bloomberg.com/news/articles/2024-01-05/houthi-red-sea-attacks-us-retaliation-may-inflame-tensions-experts-warn
The US has become the top exporter of liquefied natural gas. It has overtaken Qatar and Australia in 2023. US production has surged since 2016.
https://www.bloomberg.com/news/articles/2024-01-02/us-becomes-world-s-top-lng-supplier-after-exports-eclipse-australia-and-qatar
Egypt raised prices of key services: electricity is up 16-26%, internet is up >30%; metro & rail charges are also up. Why? To reduce pressure on the budget. Prime Minister: If budget issues aren't addressed, they 'could, God forbid, explode in our face'. https://www.bloomberg.com/news/articles/2024-01-03/egypt-rings-in-2024-by-hiking-many-prices-with-sights-set-on-imf "