Commodity Trade Mantra

Posts Tagged ‘Saudi Oil Minister’

Why Saudi Arabia Has No Intention To End The Oil Glut

As the shale oil revolution had sustained momentum at oil prices near $100, Saudi Arabia began the second most rapid rig count expansion in its history starting in late 2013. While Saudi Arabia & OPEC have talked intermittently about increasing demand & decreasing supply, their actions have not always comported with the distracting, laissez-faire attitude suggested by their commentary.

The Oil Pricing Mystery Has Been Solved

Plan for oil prices to stay lower for longer than you think. As with most busts, there has to be a washout phase filled with bankruptcies & lots of angst. We’re not there yet. Oil stocks are way down – But I expect we’ll see a significant oil company or two go under. The bust will take some time to play out — not weeks or months, but probably years.

follow us

markets snapshot

Market Quotes are powered by India

live commodity prices

Commodities are powered by India

our latest tweets

follow us on facebook