Are The Saudi’s Opening The Taps

300px-West_Texas_Pumpjack1

OPEC has been on auto-pilot for the last year. Anyone who had any spare oil, put it on the market, Asian consumers would soak it up. Prices firmed nicely above $100/b, more than enough to keep petro-states in the black. If anything, OPEC’s problem was finding sufficient oil to cover supply side gaps within the […]