Middle east oil geopolitics, page-198

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    The Saudi oil minister really laid it out to those guys in Houston. It must have sent shivers down the spines. The thing  Al-Naimi doesn't remember is that Putin runs OPEC know so before I believe there won't be a cut in June I'd want to hear what the boss has to say about it. Eshmun

    http://www.nytimes.com/2016/02/24/b...-out-possibility-of-production-cuts.html?_r=0

    23/2 New York Times

    HOUSTON — Saudi Arabia’s petroleum minister on Tuesday ruled out the possibility that a recently announced oil production freeze by several countries might lead to cuts to reverse the plunge in oil prices.
    “There is no sense wasting our time seeking production cuts,” Ali bin Ibrahim al-Naimi told energy executives at the annual IHS Ceraweek conference. “That will not happen.”
 
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