“If you are Saudi Arabia…you would go to full capacity”
Goldman Sachs and Citi Group predict that Saudi Arabia will likely start to push production to its daily maximum of 11 MMBOPD in the second half of 2015, reports Bloomberg.

“If you are Saudi Arabia and you’re looking at the new oil order we live in, you would go to full capacity,” Jeff Currie, head of commodities research at Goldman Sachs in New York, said. “The world has come around to the realization that the U.S. shale barrel is the swing barrel.”

This new reality means that Saud...

Legal Notice