Saudis Offer Oil Output Cut by 500K B/D vs Iran Freeze Caping Output at 3.6M B/D - Bloomberg, Citing Sky

September 27, 2016 7:39 AM EDT

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Saudis Offer Oil Output Cut by 500K B/D vs Iran Freeze Caping Output at 3.6M B/D - Bloomberg, Citing Sky



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Comments

Saudi Output cut
Maxander_D10@yahoo.com on 2016-09-27 10:22:05
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Great! 500k production cut is almost 4% of total Saudi Arabia's production & almost 1.7% of total OPEC production. But still I think Saudi Arabia should well assess the quantum of production cut as WTO already cut the world GDP target to 1.7% from 2.8%. & Still FED rate hikes are yet to come.


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