Summary:
No clear signal for what might come next with regard to the price of oil: Saudis set prices (above) and then let their clients buy all they want at the posted prices. The chart shows clients have been buying a bit more lately, but not anywhere near the Saudis currently presumed daily capacity of about 12 million barrels per day:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
No clear signal for what might come next with regard to the price of oil: Saudis set prices (above) and then let their clients buy all they want at the posted prices. The chart shows clients have been buying a bit more lately, but not anywhere near the Saudis currently presumed daily capacity of about 12 million barrels per day:
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025
Lars Pålsson Syll writes The pretence-of-knowledge syndrome
Dean Baker writes Crypto and Donald Trump’s strategic baseball card reserve
Lars Pålsson Syll writes How economists forgot the real world
No clear signal for what might come next with regard to the price of oil:
Saudis set prices (above) and then let their clients buy all they want at the posted prices. The chart shows clients have been buying a bit more lately, but not anywhere near the Saudis currently presumed daily capacity of about 12 million barrels per day: