23
Mar
00:00
Saudi Arabia seen increasing oil & rig count in 2015 despite oil slump
Saudi Arabia is seen increasing its oil and gas rig count despite the slump in oil prices, which has contributed to 15 straight weeks of declines in the US oil rig count, according to a Reuters report.
Industry sources say Saudi has taken a long-term view that stretches to when oil could again be in short supply. The Kingdom is therefore keen to preserve its so-called spare capacity – its unique ability to raise oil output quickly at any given moment. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous