Fragments of a blog
Fragments of a blog
A fund manager running a private equity fund out of Luxembourg writes: Regarding what happened on the ground, one can assume that Saudi Arabia had prepared a plan A and a contingency plan before entering the talks. Plan A was…
Saudi Arabia has responded to Russia’s refusal to cooperate by cutting prices and threatening (credibly, it seems) to raise output: The kingdom plans to pump more than 10m [million, not thousand] barrels a day next month while announcing unprecedented discounts…
Before it can be exported or refined, half the country’s oil output (and 5% of the world’s) must be processed at a single, supersized facility. Located in a politically and militarily unstable region, it has been poorly protected from a…