What Happens When Saudi Production Goes Up
Recent press clippings indicate that Saudi Arabia is willing to expand production to prevent runaway oil prices. Apparently memories of the global economic retrenchment stemming from peak oil prices in the late 1970s and early 1980s and the associated collapse in Saudi exports still linger. What does an increase in Saudi exports mean to VLCC owners? The long term view between AG output and VLCC rates AG/Far East shows that the two are not always tied closely together.
Download here
