Kate Turlington + 44 KT February 19, 2018 I think the Saudis are going to keep the cuts going even longer than we anticipate. They've clearly gone hawkish on oil prices because now they have different priorities. They need oil prices to be a lot higher than they are to make the Aramco IPO work... Check out this story from Bloomberg: https://www.bloomberg.com/news/articles/2018-02-19/once-opec-s-oil-price-dove-saudi-arabia-takes-a-harder-line Quote Share this post Link to post Share on other sites
Seleskya + 50 AS February 19, 2018 It's been a fairly decent week for oil, too, because of global equity market recovery. But US shale production levels still a major threat. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS February 19, 2018 but i don't think it's just about what oil prices look like right now for Aramco. It's also about where they see oil prices in the next year or two. Those are the numbers they're really crunching right now. Quote Share this post Link to post Share on other sites
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