Saudi Commentator: Cnn Business and Commodity Strategy

saudi commentator: A leading Saudi commentator has even hinted that oil could be used as a weapon, according to CNN. A rhetorical threat to withhold supplies could drive up prices, Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNN Business. The kingdom is facing threats of punishment over the unexplained disappearance of a Washington Post journalist, Jamal Khashoggi, and is talking of retaliation if America imposes sanctions. Saudi Arabia could go further, by slow-walking output increases to make up for reduced Iranian supplies when US sanctions on Tehran take effect next month, Croft added. Analysts are expecting energy companies to rake in monster earnings in the third quarter. Rising oil prices would harm consumers, but they could give energy stocks a boost. (news.financializer.com). As reported in the news.