Saudis Open to Oil-Production Freeze Without Iran
15 OPEC and non-OPEC producers support the Doha initiative to limit output
By SUMMER SAID and BENOIT FAUCON
Updated March 16, 2016 8:50 a.m. ET
DUBAI—Saudi Arabia, Kuwait and their allies would limit their oil output even if Iran doesn’t follow suit, OPEC officials said, a change in tone that paves the way for curbs on crude production to be set next month.
Tomorrow OPEN $88 ?
Gulf states are at brink of War ...350,000 soldiers, 20,000 tanks, 2,450 warplanes and 460 military helicopters are massing in northern Saudi Arabia for a military exercise that is being called “Northern Thunder”
If war break than oil might go $60 !
War like ? or preparing attack on Syria?
Confirmed: Russian and Syrian jets are on standby to shoot down any Turkish or Saudi plane that crosses into Syria. Turkey is prepared to
Oil was trading $31 before Mkt Open and short would have taken it $35 ! CNBC cameout with stupid excuse saying Saudis over reporting the production so when OPEC cuts comes it gives them at par...Loose argument. OPEC controls Oil productions with reporting from members country and thats from ages not today or yesterday... Such a nonsense from CNBC ! Now they say Iran and IRAQ super Oil producers! this is another nonsense - IRAN exporting only 1Mbpd production after 3 years of sanction whereas Iraq and Libya their Oil productions are still not repaired after the War, production is not even at normal rate how they can produce more?
CNBC allowed their masters to cover short position from past weeks today with loose comment like Saudi is Over reporting production before the Cut....! common stop playing.!
Typical short non sense today!!! Expected from CNBC!
"Some people believe that Saudi Arabia have been over-reporting production and exports just so that when they go to the OPEC meeting they can say 'Oh yeah, we cut around here and here'," he said.