Saudi crude shipments are expected to be reduced in December by 500,000 barrels per day next month, according to the kingdom’s energy minister. Bloomberg photo. Saudi crude shipments cut in response to lower seasonal demand [Read more]
Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iranian oil go into effect fully from November. [Read more]
The Strategic Petroleum Reserve was established to deal with short-term crude supplies interruptions and is not meant to manage long-term changes in the supply situation, including supply shortages resulting from the Trump administration’s decision to re-impose [Read more]
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