OPEC countries need higher prices to avoid deficits and unrest at home.
OPEC is considering cutting production once again as oil prices have declined in recent weeks.
The mere suggestion of weaponizing oil undermines Riyadh’s effort to project itself as a force for economic stability.
Energy companies are reluctant to invest in production, which could drive up prices, he said.
The firm's commodities investments took heavy losses in gas and power.
The bank is looking to bring in high-profile salesmen and traders after a string of losing trades.
He's betting demand for specific base metals will surge in coming years as more and larger batteries are built.
Andy Hall shot to fame during the global financial crisis, when he pocketed $100 million trading oil for the U.S. bank.
Nothing sharpens the mind of Davos delegates more than the prospect of striking big deals.
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