Iraq, Iran to challenge Saudi oil dominance

saudioilIraq is poised to flood the oil market by tripling its capacity to pump crude by 2020 and is collaborating with Iran on strategy in a move that will challenge Saudi Arabia’s grip on the Organisation of Petroleum Exporting Countries.… Read the rest

Coming ‘oil glut’ may push global economy into deflation

oilglutOne piece of the jigsaw puzzle is missing to complete the deflation landscape across the West: a slide in oil prices. This is becoming more likely each month.

Turmoil across the Middle East and parts of Africa has choked supply … Read the rest