If You Can’t Beat Them…
Crossroads Arabia | Lucien Zeigler | 8.14.12
In the past, Saudi Arabia has complained about the role of speculators on the oil market, that they have frequently driven the price of oil much higher than the market actually warrants. Now, the Saudi-US Trade Group SUSTG reports that Saudi ARAMCO will be taking part in oil trading itself. This would engage the company, to paraphrase a Reuters report, in the business from the well head to the pump plaza at gasoline stations.