Submitted by Nick Giambruno via InternationalMan.com,
They met in secret to plan a devastating attack...
Two powerful men, colluding at a palace in the Middle East.
In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the richest men in the world.
"You get nothing..."
Submitted by Dwayne Purvis via OilPrice.com,
In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to act. It is the strategic behavior of the producing titans, not their talk or the slow-motion supply-demand balance, which has the real power to move markets. That is the case in the last two years and remains the case in 2016.
Submitted by Nick Cuningham via OilPrice.com,
The largest oil companies are struggling to balance competing objectives with dramatically lower revenues compared to previous years.
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
All this is to suggest that those expecting a major weakening in the USD to push oil higher shouldn't hold their breath awaiting this outcome.