Monday, September 9, 2019

Low oil prices get KSA in trouble

Saudi economy meets financial hardship as oil price remains at 60 USD. 
KSA curbs oil extraction to 10 m barrel per day. However US shale oil thwart attempts to increase the oil price through artificial shortage. Minister of Energy
Khalid al-Falih has been fired by MBS.
Media: stock market launch  of oil production company Aramco possibly cancelled. 

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