Dec 03, 2015

Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years | Zero Hedge

"This is further evidence that they are hellbent on protecting their market share in China," warns one strategist as just when US talking-heads thought things were 'stabilizing' Saudi Aramco slashes its official selling price for Arab Light crude by 90 cents to $2.30 a barrel less than Middle East benchmarks - the biggest discount in 14 years. As Bloomberg reports, the desert kingdom is...

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