O K , So the short term o.p. stabilizer is the oil workers strike in Kuwait , where 1.7 mil bpd has been taken from the market . Much more than the 300 thousand bpd from Iran that the Saudis have their knickers in a knot over . Also there have been many millions of barrels removed from the market all over the World . Now exactly who is behind this strike ? could there be a Russian hand in this ? And if so , could there be more of the same coming the way of other Arab states ? According to MRM the Saudi's are still paying top rates , but none the less it is a warning to all the Arab oil States not to mess with oil workers pay rates . The plot thickens .......
MRM Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
