The big drop: Riyadh’s oil gamble - FT.com:
"The oil traders and hedge fund managers who gathered for dinner at Mike’s Bistro in Manhattan vied for the attention of Nasser al-Dossary, Saudi Arabia’s representative to Opec and Freepoint Commodities’ guest of honour.
Scattered over half a dozen tables, the 30 attendees took turns sitting next to the man they believed had the ear of Ali al-Naimi, the kingdom’s 79-year-old oil minister and the most influential person in the energy industry.
It was October 7, and the price of oil had been falling precipitously since June. Everybody wanted to know when Saudi Arabia would take charge and stem the plunge. “Of course you’re going to cut production,” declared one guest."
'via Blog this'
No comments:
Post a Comment