Amusingly accurate update, from an article today on Oil Price: The Real Reason Behind The Next Oil Squeeze I hold the view that KSA is currently fairly happy with the supply/demand balance. At one time they weren’t happy due to an approximate $100 billion budget deficit from low oil prices (we can be forgiven for seeing a delicious irony in this outcome). This was a prime factor in the notion of selling off 5 percent of Aramco in an IPO, that was formally announced in early 2016. The f