10.10.2016 - OPEC's Miracle Might Just Be a Mirage
Saudi Arabia's oil minister actually did it. He stood up and U-turned on behalf of the world's biggest crude exporter, much to the relief of fellow OPEC leaders. By agreeing to a deal to reduce the group's overall output to between 32.5 million and 33 million barrels a day, Khalid Al-Falih has donned the mantle of the world's swing producer that his predecessor Ali Al-Naimi shook off. As OPEC's biggest producer, the kingdom will bear the brunt of any reduction..............................................Full Article: Source
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