demand for saudi oil remains high

As previously discussed, the Saudis set price, currently via spreads, etc. and let the refiners buy all they want at those posted prices. And as the chart shows, demand for Saudi oil has remained relatively high and relatively stable. That … Continue reading →

As previously discussed, the Saudis set price, currently via spreads, etc. and let the refiners buy all they want at those posted prices.

And as the chart shows, demand for Saudi oil has remained relatively high and relatively stable. That is, there has been no material drop in demand.

saudi-output

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