Update
Later, 9:40 p.m. CT: see first comment --
That's what the Saudi's reported to OPEC (the graphic below).
However, the average of estimates from the IEA, the EIA, CERA, Reuters, Platts and Argus is that Saudi Arabia increased output by 388,000 barrels per day to 10,058,000 barrels per day.
they were supposedly sending a fleet of VLCCs this way in an attempt to flood US storage (which they denied). Recent reports have them still pumping oil and cutting prices even after last week's agreement.
Original Post
Link here. This may have been previously posted.
... and nowhere to go.
that's what the Saudi's reported to OPEC...the average of estimates from the IEA, the EIA, CERA, Reuters, Platts and Argus is that they increased output by 388,000 barrels per day to 10,058,000 barrels per day....they were supposedly sending a fleet of VLCCs this way in an attempt to flood US storage (which they denied)...recent reports have them still pumping oil and cutting prices even after last week's agreement...
ReplyDeleteVery clearly they are "dumping" in broad attempt to destroy US oil sector.
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