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:
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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: