Tue, Jul 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Oil more

Saudi Arabia exposes OPEC’s fissures

Posted on 16 December 2013

Saudi Arabia has started OPEC’s difficult year early. In the same month that the Organization of the Petroleum Exporting Countries, a group of some of the world’s largest oil producers, said it would keep its output ceiling unchanged, the body’s biggest producer and de facto leader “is done with its role as swing producer.”
As The Wall Street Journal’s crack OPEC team reports, Saudi Arabia has essentially promised to steady markets for the past two years. But now, with pressure growing over a possible output cut to steady markets, the Saudis are signaling they are no longer willing to go it alone………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36064 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031