“The reason i tell you these figures is because the market is oversupplied.”
These are the words of Saudi Aramco chief Ali al Naimi, speaking about Saudi production figures, in Kuwait, according to Bloomberg.
Saudi energy strategy is becoming clearer by the day. With output levels rising and new blends in the works, it is becoming obvious that Saudi Arabia-for now- is leaving the pricing to speculators and traders in New York and London.
Oversupply of is the not correct solution do down the oil prices and also it is only a temporary solution not for a long time so we need to develop other resources to bring the oil prices down for a long time and also if we use less oil that means if we used to go to our offices by using bikes not using cars and especially if we use electric bikes and electric cars then we down oil prices for a long time and also we can control pollution will also bring good effect on nature.
ReplyDeleteOversupply of is the not correct solution do down the oil prices and also it is only a temporary solution not for a long time so we need to develop other resources to bring the oil prices down for a long time and also if we use less oil that means if we used to go to our offices by using bikes not using cars and especially if we use electric bikes and electric cars then we down oil prices for a long time and also we can control pollution will also bring good effect on nature.
ReplyDelete