The Oil Conspiracy

Telegraph reported: Lloyd’s Marine Intelligence reported Opec oil shipments fell by 1m barrels per day in the four weeks to May 4, confirming suspicions that the market has been chronically short of supply.
As crude price fell below the 130$ mark, (to some newspapers it was a great plunge!) Reuters released this bit of information:
Saudi Aramco’s [...]

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Amoral, indeed.

Retail price of Diesel has gone up in in Dubai. A spokesman for the Dubai-based oil company Enoc has been quoted in a press release,

“There has been a global shift in the oil market’s underlying structure, fuelled by an exponential growth in demand, notably from China and India and other emerging markets. This is concurrent [...]

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Oil Oracles

Goldman Sachs’ Oil Oracle of Indian origin, Arjun Murti, is making waves.
The Economic Times reports:
They are calling him Arjun ‘‘Spike” Murti, but his real middle name is Narayana, the supreme manifestation of the Hindu god Vishnu. Supreme he is, in the oil world. The little known Indian analyst at Goldman Sachs has become a cause [...]

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