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Amey: Oil Market Volatility More Behind Us than in Front

Posted on 28 September 2016

Suddenly the tables have been turned on Saudi Arabia. The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years OPEC price hawk. The government in Riyadh is now offering a deal — including its first output cut in eight years — to boost prices; Tehran is dragging its feet.
At the center of the reversal is their contrasting thresholds for enduring economic pain. PIMCO Europe MD and Portfolio Manager Mike Amey discusses oil with Bloomberg’s Anna Edwards on “Countdown.”…………………………………..Full Article: Source


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