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Saudi War On Shale Goes Nuclear – “No Chance OPEC Will Cut Output” Even With Brent Under $50
from Zero Hedge
For those hoping that the recent brief dip in Brent crude below $50 – most notably Venezuela’s intrepid socialist leader Nicolas Maduro whose numbered days get shorter with every day Brent closes red, and countless bondholders of junk- debt capitalized shale companies - would mean that Saudi Arabia’s vendetta against OPEC would finally be put on hiatus, we have bad news: the vendetta just wen nuclear because as Reuters reports, there is “no chance of OPEC output cut.”
As Reuters further adds, Saudi Arabia and its Gulf OPEC allies are showing no sign of considering cutting output to boost oil prices, despite Brent’s dip below $50 a barrel this week, where it is surely headed once again in the coming days. More:
Continue Reading at ZeroHedge.com…
Source: http://financialsurvivalnetwork.com/2015/01/saudi-war-on-shale-goes-nuclear-no-chance-opec-will-cut-output-even-with-brent-under-50/?utm_source=rss&utm_medium=rss&utm_campaign=saudi-war-on-shale-goes-nuclear-no-chance-opec-will-cut-output-even-wi
