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Saudi crude production

Posted by WARREN MOSLER on September 30th, 2010

Down a bit for the month, certainly no pressure on supply, but still trending modestly upward.

This is a reasonable indicator of net world demand, as the Saudis continue as swing producer setting price and letting quantity adjust.

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This entry was posted on Thursday, September 30th, 2010 at 8:50 am and is filed under Comodities, Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Saudi crude production”

  1. Too late, Saudi Arabia Opens the Spigot to prevent a wave of Regime change « The Traders Crucible Says:
    February 1st, 2011 at 11:04 am

    [...] Arabia has been setting the price of oil and letting the quantity adjust. This strategy created oil prices in a band from $70 to $90.  Unfortunately, it has also created [...]

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