World oil news, page-3

http://money.cnn.com/2016/05/25/investing/how-much-oil-can-saudi-arabia-pump/

Interesting that Saudi oil storages are down 30 million barrels. I am pretty sure they are trying to sell a story which is not entirely true in order to gain big from it! Their storage is falling and their rig count is skyrocketing. Now what are their true intensions? Put their state company on the market for an abnormally high price under the excuse of "needing" the money for a future wealth fund? What would be their next move? Buy oil futures for all the money? Buy US shale companies debt(They already do that!)? Buy oil companies?

I believe that the Saudis are playing a game in order to get a hold of oil resources outside of their country in order to still be part of the world oil elite. Imagine if they did not have more oil to sell and they have no way of keeping the current production levels. This is a highly interesting read: http://peakoilbarrel.com/closer-look-saudi-arabia/

I believe in a oil price shock due to lower production levels in a very short time in the future.