Price war to the bitter end?
“This requires more patience” – the Saudi Central Bank.
It shakes the whole foundation of investing internationally.
Their oil production sets records, US drillers aren’t backing off either, glut gets worse.
Follow the money!
Kremlin looks to Middle East and China.
No one backs off. Price plunges.
The prospect of a flood of oil rushing onto an over-supplied market.
Sign of a liquidity squeeze.
By ISA Intel: OPEC, other major oil suppliers are more worried than they are letting on. They need high oil prices to fund their governments.