Saudi, Russia cutbacks buoy oil bulls, but respite from frackers won’t last
Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018.
Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018.
If ever there was a spur for South Africa to get cracking on its apparently abundant Shale Gas reserves, this is it. Thanks to fracking, the USA is poised to overtake Saudi Arabia this month as the world’s biggest producer of liquid petroleum. In August, America’s output was roughly equal to the Middle Eastern kingdom’s. … Read more