Friday, March 29, 2024
Homeoil gasThere may be a 'Game of Thrones' in Saudi Arabia now and...

There may be a ‘Game of Thrones’ in Saudi Arabia now and that has big implications for oil

  • Prince Mohammad Bin Salman, known as "MBS," is consolidating power to his family and its allies before he takes the throne.
  • "The key question now is whether MBS has launched or preempted a new destabilizing 'Game of Thrones' by arresting his relatives in such dramatic fashion," writes RBC's Helima Croft.
  • One month after past Saudi unrest, oil prices were higher by more than 2 percent, according to analysis by Kensho.

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