Prague Twin

Monday, September 18, 2006

Saudi ups prices, cuts output

This is old news, but it is worth noting.

Saudi has raised the official selling price for its crude oil to Europe in July, but cut prices to US buyers, according to Reuters. It increased prices to Europe by between 45 and 75 cents a barrel, while cutting US prices by 30 to 35 cents. Meanwhile, the world's top exporter cut production to 9.1m bpd in April, due to a drop in refinery demand, The Wall Street Journal quoted Oil Minister Ali Al Naimi as saying.

No explaination and no one really takes much note.

Get your tinfoil hats ready.

Saudi Oil


  • What do you think is the cause for the Saudi action, support for Republicans? Difficult to believe but I guess it's difficult to explain. I certainly was not aware of this. Good catch.

    By Blogger Roger Fraley, at 6:41 PM  

  • Roger, you gotta warn me when you hit these posts so late in the game!

    I really don't know why they did it, but it is conceivable that Bush sr. had a hand in it.

    Don't you think?

    By Blogger Praguetwin, at 9:46 AM  

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