Saudi Arabia's Travails Continue -- April 6, 2017

Before reading the story below, take another look at Saudi's reserve assets. I just love looking at those graphs.

Now for the newest story, which certainly:

• won't help relations between Russian and Saudi Arabia (they need each other to support cut in production to raise prices; Russia won't play along; Saudi Arabia in deep doo-doo)
• won't help Saudi's bottom line

Saudi Aramco says it will cut pricing for Europe where Russia dominates. From Bloomberg. The headline says it all. No more comment needed. Just go back and look at the graphs. LOL.

Rigzone is curious, also, what folks think Brent will be selling for by the end of the year. Via twitter, a poll:

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Don Rickles

1926 - 2017