“The 10-Minute Take” is a new podcast series dedicated to providing insights from RBC economists and market experts on events unfolding around the globe.
Featuring Helima Croft, RBC Capital Markets Global Head of Commodities Strategy
Donald Trump is using every diplomatic tool to stop the oil war unleashed by Russia and Saudi Arabia, betting that neither can sustain themselves for long at $25 a barrel. But the Russians may be betting that Trump – or at least U.S. oil producers – will blink first, by scaling back American production and allowing OPEC+ to again drive global markets. Even if the oil powers agree to stabilize markets at a higher price, it may take longer than many are expecting, as the COVID-19 pandemic decimates global growth. Helima Croft, RBC Capital Markets Global Head of Commodities Strategy, joins us to explain.
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