SZO - Musings In The Oil Patch: Saudi Arabia Libya And Venezuela
Investing in oil often means nothing happens for days, and then everything (including things you'd never think of) happens within days. The beginning of February is turning out to be one of those times. Here's a few of our musings as the first few weeks of February progress.
On Tuesday, Saudi Arabia, more specifically Saudi Energy Minister Khalid al-Falih, announced that Aramco plans to reduce crude production to 9.8M bpd and exports to 6.9M bpd in March. This follows the back-to-back declines in production and exports in February and January, and reconfirms Saudi Arabia's commitment