Comments by Saudi energy minister Al-Falih
- Geopolitics is feeding the 'market frenzy'
- Some will argue that the oil market is oversupplied
- Says that Saudi exports to the US are rising significantly
- Says that Saudi has a spare capacity of 1.3 mil bpd
Not sure how this all fits in but one of the key reasons why oil prices have been on the surge lately has been due to US sanctions on Iran due to kick in next month. Pretty sure that counts as a fundamental story. Maybe not a natural one but surely something that messes up with demand/supply balance counts, no?
