ThunderBlade + 231 TB April 22, 2019 Saudi Arabia said on Monday it would coordinate with other oil producers to ensure an adequate crude supply and a balanced market after the United States said it would end waivers granted to buyers of Iranian oil. “Saudi Arabia is closely monitoring the oil market developments following the recent statement from the U.S. government regarding oil export sanctions on Iran,” Energy Minister Khalid a-Falih said in a statement. “Saudi Arabia will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance.” 2 1 Quote Share this post Link to post Share on other sites
Pavel + 384 PP April 22, 2019 I'm sure, they will... for an escalation in price 1 2 Quote Share this post Link to post Share on other sites
pinto + 293 PZ April 22, 2019 This Saudi Arabia .... "Saudi Arabia declares all atheists are terrorists in new law to crack down on political dissidents" https://www.independent.co.uk/news/world/middle-east/saudi-arabia-declares-all-atheists-are-terrorists-in-new-law-to-crack-down-on-political-dissidents-9228389.html?amp&__twitter_impression=true&fbclid=IwAR06hlGlGWm9dHM6GWOKjohv2RhbFl3HXMpP2euEq0Lb012MJjDiAFGjyOwWhat 1 1 Quote Share this post Link to post Share on other sites
francoba + 93 fb April 22, 2019 Interesting article by Forbes.. If sanctions cut Iran's oil exports to zero, would Saudi Arabia really fill the void? https://www.forbes.com/sites/ellenrwald/2019/04/21/if-sanctions-cut-irans-oil-exports-to-zero-would-saudi-arabia-really-fill-the-void/?utm_source=TWITTER&utm_medium=social&utm_content=2263581638&utm_campaign=sprinklrForbesMainTwitter#2a6dc5006ea6 Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD April 22, 2019 China just announced that not only they won't stop importing Oil from Iran they will increase it. So, extinguishing fire with gasoline.... 1 1 1 Quote Share this post Link to post Share on other sites
50 shades of black + 254 April 22, 2019 Statement makes sense ... Saudi Arabia has in effect promised the White House it can and will keep prices down in exchange for much tougher sanctions on its regional enemy Iran.... 1 Quote Share this post Link to post Share on other sites
Dmitry Bedin + 25 April 22, 2019 That means SA is a new pappy of yankees 2 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 April 22, 2019 8 hours ago, Pavel said: I'm sure, they will... for an escalation in price They do weigh the profit margin vs. the volume they can sell. They have many competitors doing the same. They are all in the same boat since America is meeting its own needs and has entered the export markets. Nopec? Quote Share this post Link to post Share on other sites
ronwagn + 6,290 April 22, 2019 7 hours ago, Dmitry Bedin said: That means SA is a new pappy of yankees No, just trading favors. Quote Share this post Link to post Share on other sites
Tom Kirkman + 8,860 April 22, 2019 9 hours ago, ThunderBlade said: Saudi Arabia said on Monday it would coordinate with other oil producers to ensure an adequate crude supply and a balanced market after the United States said it would end waivers granted to buyers of Iranian oil. “Saudi Arabia is closely monitoring the oil market developments following the recent statement from the U.S. government regarding oil export sanctions on Iran,” Energy Minister Khalid a-Falih said in a statement. “Saudi Arabia will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance.” I'm guessing that the Saudi Energy Minister presumes that $80+ (or specifically, $91) Brent oil price means a balanced global oil market. My own personal opinion is that $70.00 Brent is a balanced global oil market. A suitable, sustainable balance between most oil producers and most oil consumers. Similar idea to what the Saudi Energy Minister mentioned, but probably a different number for the global oil price balance. A couple of my related comments from yesterday: Quote Share this post Link to post Share on other sites
Falcon + 222 SK June 23, 2019 On 4/22/2019 at 11:39 AM, Dmitry Bedin said: That means SA is a new pappy of yankees Saudi Arabia, as we know it, will be gone in 5 to 8 years. Quote Share this post Link to post Share on other sites
SKEP + 229 SK August 6, 2019 (edited) On 4/22/2019 at 3:32 PM, ThunderBlade said: Saudi Arabia said on Monday it would coordinate with other oil producers to ensure an adequate crude supply and a balanced market after the United States said it would end waivers granted to buyers of Iranian oil. “Saudi Arabia is closely monitoring the oil market developments following the recent statement from the U.S. government regarding oil export sanctions on Iran,” Energy Minister Khalid a-Falih said in a statement. “Saudi Arabia will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance.” Saudi Arabia has lost all credibility . MBS is an embarrassment. Nobody at the G20 in Argentina last Feb would even talk to him. MBS butchered Khashoggi because he wrote an article about him. I thought Trump was thin skinned. MBS had executed 136 dissidents this year. Mostly Shia, including a 15 year old that was riding around on his bike criticizing the Royalty. MBS beheaded a princess that had an affair with a married man in Lebanon while at University. He beheaded her in from of her family. MBS response, " You don't understand our judicial system." King Salman will have to replace him as Crown Prince if KSA is to have any chance. Edited August 6, 2019 by SKEP 1 Quote Share this post Link to post Share on other sites