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Dr. Kent Moors
Dr. Kent'S LATEST HEADLINES
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Cutting Crude Oil Prices Is a "No-Win Situation" for Saudis
Saudi Arabia is once again fueling a global oil feud by cutting crude oil prices. It's the second time in a month the kingdom has grabbed the headlines in the oil markets.
In its latest version, Saudi Aramco (the national oil company) has restored an earlier price cut to Asia, but reduced its price to U.S customers.
That means the Saudis are now trying to fight a crude oil war on three different fronts: against Russia in Asia; with OPEC's over-producers like Venezuela and Kuwait; and an escalating battle against U.S. unconventional (tight and shale) oil.
But its latest maneuver won't be enough to turn the tide... - Why Natural Gas Prices Are Going Higher
- As Crude Oil Prices Fall, These Drillers Benefit - Here's Why
- New Energy Profit Plays Will Stem from This Shifting "Balance"
- Energy Sector Forecast: What to Expect After the Sell-Off
- Saudi Move to Cut Oil Prices Is Now Russia's Biggest Economic Threat
- Why the Saudis Are Cutting Oil Prices
- The U.S. Oil Export Surge Is Coming
- The Best Way to Profit from Crude Oil Prices Right Now
- Oil Prices Today: Three Key Factors the Pundits Are Missing