Russian Archive

Saudi production up a tad

Saudi production increased marginally for January, and all indications are net demand is holding up at the higher prices. While this bodes for continued price hikes, markets may have likely sold off on the news, believing the higher production is a sign of a proactive supply increase that will drive prices down. ...Read More

Crude oil demand revised up

This means Saudis/Russians will continue to be price setters for at least the next few quarters. IEA Lifts 2008 World Oil Demand Growth Forecast By Reuters | 14 Dec 2007 | 05:32 AM ET World oil demand will grow more quickly than expected next year fueled by the Middle East and proving ...Read More