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Architectural index, Corporate leverage, Saudi oil pricing

Summary:
Muddling through at depressed levels: Saudis set price. If they decide to hike as below, it will happen: OPEC’s new price hawk Saudi Arabia seeks oil as high as 0 Apr 18 (Reuters) — Top oil exporter Saudi Arabia would be happy to see crude rise to or even 0 a barrel. OPEC, Russia and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. They have extended the pact until December 2018 and meet in June to review policy. OPEC is closing in on the original target of the pact – reducing industrialized nations’ oil inventories to their five-year average. Two industry sources said a desired crude price of or even 0 was circulated by senior Saudi officials in closed-door briefings in recent weeks.

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Muddling through at depressed levels:

Architectural index, Corporate leverage, Saudi oil pricing

Architectural index, Corporate leverage, Saudi oil pricing

Saudis set price. If they decide to hike as below, it will happen:

OPEC’s new price hawk Saudi Arabia seeks oil as high as $100

Apr 18 (Reuters) — Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel. OPEC, Russia and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. They have extended the pact until December 2018 and meet in June to review policy. OPEC is closing in on the original target of the pact – reducing industrialized nations’ oil inventories to their five-year average. Two industry sources said a desired crude price of $80 or even $100 was circulated by senior Saudi officials in closed-door briefings in recent weeks.

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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