Tag Archives for " Saudi Arabia "

Engineering a ‘Santa Rally’ in oil, but what then?

If the price of continued US support after the Khashoggi murder was the lower oil price, then it must rank as one of the  most expensive assassinations of  journalist in history, with Saudi Arabia’s gross oil production revenues down almost $2bn per week. The attempt to resurrect his political reputation at the G20 meeting was […]

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Oil shocker – producers claim to want lower prices!

Good grief, there’s a lot of tosh spouted on where oil prices are going after Russia and Saudi Arabia pulled the plug on the current rally, once Brent oil hit the magical $80/bbl target.  The prize however, must go to Goldman’s straddle, where it seems the ‘technical’ analyst (someone who can draw straight lines) is […]

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Energy politics and fickle friends

Energy politics makes for fickle friends. A decade ago, Qatar was the US administration’s BFF, with its invitation to relocate the US regional military base from Saudi Arabia to Qatar in return for support to secure a pipeline access through Syria for its soon to be expanding natural gas production. As a way of pricking […]

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