Commodity Trade Mantra

Posts Tagged ‘OPEC Output’

OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Despite low oil prices, Saudi Arabia is maintaining its investment in its oil industry. The Saudi government revenue and expenditure data suggest that the Saudis must do far more than “reduce investment” in 2016: the precipitous drop in oil prices—a consequence of their new policy—has put Saudi Arabia on an unsustainable financial path.

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