European Oil Supply Pressure Mounts After Saudi Cuts

Europe’s oil refiners are paying high premiums for cargoes as the shutdown of Saudi Arabia’s East-West pipeline forces the region’s buyers to scramble for alternatives with fuel prices soaring.  We take a deep dive with Rob Barnett, Senior Energy Analyst for Bloomberg Intelligence. Eric Martin, Bloomberg News State Department Reporter, joins to discuss his Big Take reporting on how Secretary of State Marco Rubio has adapted his foreign policy approach under President Donald Trump. Plus, debate is heating up amongst NFL players and owners - grass versus turf. Nick Pappas, the NFL's Director of Field Operations, and Randall Williams, Bloomberg Business of Sports Reporter, weigh in on the state of playing surfaces. Chapters 00:00:00 Bloomberg Businessweek Daily 00:03:05 Markets: Stocks Slip as Yields Rise 00:05:05 Oil, Gas Prices & the Midterms 00:06:20 Saudi Oil Supply & Pipeline Disruptions 00:08:01 Iran Conflict & the Global Oil Market 00:09:11 Why Diesel Prices Are So High 00:11:07 Fed Rate Hikes, Inflation & the Economy 00:13:22 Labor Market & Consumer Spending 00:15:29 Earnings, AI & Market Volatility 00:18:29 Marco Rubio's Role in Trump's Foreign Policy 00:21:19 How Rubio Evolved From Trump Rival to Adviser 00:23:53 Rubio, China & U.S. Foreign Policy 00:26:31 Venezuela, Energy Security & Rubio's Influence 00:29:21 Rubio & the 2028 Presidential Conversation 00:32:21 NFL Debate: Grass vs. Artificial Turf 00:36:00 Inside the NFL's Playing Field Operations 00:38:17 Injury Rates on Grass vs. Turf 00:40:27 How the World Cup Changed NFL Stadium Fields 00:43:24 Stock Movers: Coinbase, Netflix & Nucor 00:47:21 AI Safety Concerns & the Chip Market -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts