Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, December 30, 2014

Reading the Tea Leaves of the Saudi 2015 Budget

Posted: 30 Dec 2014 06:00 AM PST
Traders might be tempted to focus on the fact that Saudi Arabia’s 2015 annual budget would need an average of $80 oil for the year to balance its books as a sign that the kingdom thinks prices will rebound soon. But the kingdom has historically missed the mark between budget making and actual oil prices.read morehttp://theenergycollective.com/amjaffe/2177101/reading-tea-leaves-saudi-2015-budget

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