Oilprice .com has an interesting article.
- The new MbS's brother oil minister, who joined a few weeks ago said, Saudi capacity will recover by the end of September, i.e. next few days.
- Experts say after damage of this size, it will take end of Sep only to assess the damages, let alone plan or repair.
- But Saudi can't show production cut, because "the King has already spoken".
- So it's looking to buy Iraqi oil and sell those to customers to make it look like the supply line is uninterrupted.
- And here's the twist : Iran actually smuggles its oil to Iraq and sell it from there to bypass USA sanctions.
- Thus Saudi for some time to come will be the proxy for selling Iranian oil. :V :V :V
- Comments:
- https://oilprice.com/Energy/Crude-Oil/Why-The-Saudis-Are-Lying-About-Their-Oil-Production.html
- I guess Yasir Qudi said as like that's his assumption. And not like : this explanation is the only correct one.