1) Good news for the Earth
2) The Saudis are going to have to rethink their "investment" in the Yemeni civil war with output apparently at about half pre-Iran War levels (1990 had ~5M barrels per day vs ~10M bpd pre-war)
3) Expect more reserve releases for now
@peark.esRIP to all the footballers who were leaning on a Saudi transfer as the path to riches.
*SAUDIS TELL OPEC THAT OUTPUT SLUMPED AGAIN TO LOWEST SINCE 1990