Tag: Saudi oil production

Up, Up and Away

Oil in transit has been ramping up strongly in recent months, as more supply has come to market than expected. This could be interpreted as bullish, if it were not for rising floating storage volumes on a global basis.

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Misdirection of Houdini-sized proportions

The US administration has managed to dupe Saudi Arabia into increasing production to offset a perceived supply shortage from Iran, before backpedaling on their stance. In response, Saudi Arabia is slashing oil exports to the US.

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