🚨BREAKING 🚨Saudi Arabia is launching the oil market equivalent of a declaration of war: plan for a big production hike, and offering huge discount for its crude | #OOTT #OPEC #SaudiArabia with @A_DiPaola17 bloomberg.com/news/articles/…
How large are the price cuts to the Saudi official selling prices? Huge, really, really huge. In Europe, Aramco has made the largest month-on-month cut for Arab Light in at least 20 years: a hefty $8 to -$10.25 a barrel | #OOTT 
The shock-and-awe Saudi strategy could be an attempt to impose maximum pain in the quickest possible way to Russia, in an effort to bring them back to the negotiating table, and then reverse the production surge and start cutting output if a deal is achieved | #OOTT
