Hi everyone , A very interesting article in todays Fin Review " US not OPEC decides the fate of global oil markets " A very well written article , if appears giant American oil services Co. Schlumberger , are withholding services from Venezuela as they are in arrears with payments ", and as a result more oil is off the market . Nigeria is also in financial difficulties and unable to pay for services , causing even more oil shortfalls . This trend is happening all over the World , and as we know without oil services companies , nothing moves , and oil stays in the ground. As a side issue Saudi Arabia is finding it harder and harder to get credit , this week the raided the Worlds Banks trying to scrape up a poultry $10 bl . Not short of money eh. We can last for a long long time , claimed El Badri !! yeah right , they are going down just like all the others ...... Well worth a read , things are unravelling fast for the Saudi's .......Cheers
MRM Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
