Wednesday 11 May 2016

No let up. Saudi Arabia to increase oil production - BBC News

No let up. Saudi Arabia to increase oil production - BBC News:

""Welcome to Saudi Aramco" - that's not a message you see very often as a foreign journalist but the normally secretive state owned oil company is on a charm offensive.
Sadly for other oil producers that does not extend to helping drive oil prices higher by cutting production.
In fact, chief executive Amin Nasser, told journalists that production would increase in 2016 ahead of a share sale that could value the company at over $2 trillion dollars - four times the value of Apple.
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