High Prices Alarm Gulf Members
Current crude prices are too high and should be around $100/B, a senior Gulf source tells MEES. “We are working to bring down the price,” he said on 20 September, adding: “the Saudis are consulting their clients and telling them they are ready to supply more.”
A major oil producer and a European refiner both say no discussions about taking extra Saudi crude have happened as yet. “We haven’t...