(EnergyAsia, September 19 2014, Friday) — Saudi Arabia could be pushing for crude prices to fall to US$85 a barrel for years in a desperate attempt to stop the oil-fuelled rise of the Islamic State (ISIS) terror group by undermining its finances, said the Bank of America Merrill Lynch. But the strategy would also inflict…
MARKETS: BoA says Saudi Arabia could be pushing for sustained weak crude oil prices
Posted on September 19, 2014 by EnergyAsia