Oil Prices Are Off To The Races

Summary

  • The struggle to contain rising oil prices on world markets is just beginning as the US lifts exemptions on the purchase of Iranian oil.
  • Saudi Arabia was furious over the surprise US exemptions granted in November after spending five months ratcheting up production to offset the anticipated loss of Iranian crude on world markets.
  • A surprise detail in the prospectus of the Saudi Aramco bond offering has analysts questioning the depth of Saudi spare production……..

Source: Oil Prices Are Off To The Races

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