Seeking Alpha

Saudi Arabia signals it's ready to rein in oil production after starting to scale back shipments...

Saudi Arabia signals it's ready to rein in oil production after starting to scale back shipments and raising the selling price to Asia of its main crude grade. The Saudis have been pumping more than 9.5M bbl/day since June 2011, the longest stretch for at least 11 years, but having achieved their $100/bbl Brent target they'll need to defend it, analysts say.
From other sites
Comments (2)
  • myparadigm
    , contributor
    Comments (16) | Send Message
     
    Pump prices have not budged off their highs here. The media talks about falling prices but I would like to know where. Gas and food prices and not budged. We are paying 4.30 to 4.50 a gallon and has been the high since the first of the year. I would bet my last dollar that increasing pump or flat pump prices are going to further strangle any real growth. Of course the rise in food and energy prices will be twisted to say that consumer spending is up so all is well. food and energy are not in the cpi. All is well.
    6 Jun 2012, 04:58 PM Reply Like
  • Deltascared
    , contributor
    Comments (289) | Send Message
     
    Where are you in the distribution scheme? Falling prices...You know that it is not that simple. I am sick of the produce and the prices for it in my area.
    6 Jun 2012, 07:39 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector