Home » Energy » Oil Plunges As Saudis Dismiss Price War “No Basis In Reality” | Zero Hedge

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

Oil Plunges As Saudis Dismiss Price War “No Basis In Reality” | Zero Hedge

Oil Plunges As Saudis Dismiss Price War “No Basis In Reality” | Zero Hedge.

WTI Crude oil prices tumbled to a $75 handle this morning as Saudi oil minister al-Naimi dismissed claims of a price-war as having “no basis in reality” noting that “Saudi oil policy has remained constant for the past few decades and it has not change today,” suggesting expectations of a supply cut at the looming OPEC meetings are overdone. This comment comes after Qatar said it “may” cut output by 500k barrels/day.

As Bloomberg reports,

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress