- OPEC’s 13 members, especially core Gulf producers, are taking their output cues from global oil demand rather than sticking to production targets.
- “Whenever there is demand it will be met by OPEC,” he said. “The majority of OPEC producers definitely don’t like this high oil price because it is neither in their interest nor […]

Saudi Arabia, long time the most quiet and most conservative investor starts to move
State bank official was quoted yesterday, that they have to get rid of the Dollar PEG and to invest money through a SWF.
It is said, that it will the biggest SWF on the planet, even dwarfing ABU Dhabi’s 870bln$ in […]

As the fashion of today is setting up SWFs (sovereign wealth funds) … to save the world … or better … to convert earned dollars into knowledge and influence …
HERE COMES SAUDI ARABIA …
Seemingly trying not to be too far behind its neighbors … Saudi Arabia will set up the BIGGEST SWF, I just […]