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The Threat of Weaponizing Oil Lingers in Saudi-U.S. Relations

  • Category business
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:05:28
  • Year 2018
  • Language English

The Threat of Weaponizing Oil Lingers in Saudi-U.S. Relations

Oct.18 -- Goldman Sachs Group Inc. pulled its top executives from an investment conference in Saudi Arabia, hours after U.S. Treasury Secretary Steven Mnuchin backed out. The firm was among the last of the biggest U.S. banks to withdraw after reports emerged that journalist and government critic Jamal Khashoggi had been tortured and killed by Saudi agents in the country’s Turkish consulate. Jason Bordoff, founding director of SIPA's Center on Global Energy Policy at Columbia University, and Ashley Petersen, senior oil market analyst at Stratas Advisors, speak with Bloomberg's Alix Steel about how the tension in the Middle East is affecting the oil market. Bloomberg Media is among organizations sponsoring the event and is monitoring the situation.

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