Does Saudi flood market?

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Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Does Saudi flood market?

Post by Fraser921 »

https://youtu.be/8LTkHhDsBwo?si=6tRQcYR9t5YAEnhM

Paul Sankeys latest comments..too much production!
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dan_s
Posts: 36995
Joined: Fri Apr 23, 2010 8:22 am

Re: Does Saudi flood market?

Post by dan_s »

Answer to your question is no.
Doing anything to drive down oil prices is the LAST THING Saudi Arabia will do.
Dan Steffens
Energy Prospectus Group
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Fraser921
Posts: 3240
Joined: Mon Mar 22, 2021 11:48 am

Re: Does Saudi flood market?

Post by Fraser921 »

They have done it twice before in last 10 years but common sense would suggest no
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