Saudi Arabia's oil minister said on Sunday (April 17, 2011) the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.Well, I guess that worked.
Saturday, May 7, 2011
Just a Little Reminder: Saudi "Slashed" Production in March (2011)
Link here.
