OPEC Decision Puts Onus on Saudi Arabia Should Oil Fall – Bloomberg 06-15-12

Salient to Investors:

Bill Farren-Price of Petroleum Policy Intelligence says Saudi Arabia will continue to meet customer demand – if demand drops, then will cut.

Olivier Jakob of Petromatrix said Saudi Arabia cannot at the same time commit to a supply cut to please OPEC and commit to replace Iranian barrels to please the G-20.

Predictions:

JBC Energy expects Saudi Arabia to cut production in Half2 2012 due to lower oil prices and the massive global stock build.

Read the full article at http://www.bloomberg.com/news/2012-06-14/opec-decision-puts-onus-on-saudi-arabian-cuts-should-prices-fall.html