More Saudi smoke and mirrors

ALMOST as fast as hopes rose on OPEC agreeing to an output freeze, it all went up in smoke as Saudi Arabia boasted it was likely to hit another output record this month, though some believe its flagged Saudi Aramco initial public offer could prompt the cartel leader into action.

19 August 2016
comments
share

Oil prices have rallied about 20% since the market fell below $US40/bbl two weeks ago which many have attributed to short covering given bearish investor positions have been trending near all-time

An invaluable asset to Australasia's oil and gas sector

Subscribe today and enjoy full access to EnergyNewsBulletin.net - the most comprehensive source of energy sector news and information.

EnergyNewsBulletin.net Package

From $306 *per user, per year (excluding GST)

SUBSCRIBE NOW

Full access to EnergyNewsBulletin.net resources on desktop and mobile
Industry-leading insights into the future of energy
Expert market views on digitalization and renewables
In-depth features on advancements in technology
A ﬁrst look at latest commodity price updates and breaking news
2 daily newsletters covering hot topics in operations and investment
Access to the complete Energy News Bulletin archive since 2006

Try EnergyNewsBulletin.net for 30 days for ONLY $1

START YOUR TRIAL

best value

Resource Sector Investment Package

From $485 *per user, per year (excluding GST)

SUBSCRIBE NOW

All the benefits of EnergyNewsBulletin.net package, plus Unlimited access to MiningNews.net
Access to all MiningNews.net articles and additional features
MiningNews.net daily newsletters
Exclusive monthly newsletter from RESOURCESTOCKS featuring select commodity market analysis and latest company profiles.