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Saudi Oil Minister Ali al-Naimi OPEC oil cartoon fracking rollercoaster ride

Saudi OPEC cartoon

The Saudi Arabian Oil Minister Ali al-Naimi rides the barrel price down and over the American fracking shale gas interests.

The price of Brent Crude has continued to fall and it is forecast to keep falling and stay low for the nest two years. With much of the production governed by OPEC and in particular Saudi Arabia questions have been asked as to why that country has not lowered production with prices so low and the inference is to destablise shale gas prices in the USA and so limiting available capital to invest in this commodity and its exploitation.

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