CIA chief says appears Saudi oil "ramping up" - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

CIA chief says appears Saudi oil "ramping up"
Started:January 31st, 2012 (02:34 PM) by kbit Views / Replies:519 / 0
Last Reply:January 31st, 2012 (02:34 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

CIA chief says appears Saudi oil "ramping up"

Old January 31st, 2012, 02:34 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

CIA chief says appears Saudi oil "ramping up"

Reuters) - Saudi Arabia's oil production appears to be "ramping up" and can fill some of the demand shortfalls caused by sanctions on Iranian exports, CIA Director David Petraeus said on Tuesday.

Sanctions on Iran oil imports appear to be biting much more in recent weeks, he said at a Senate intelligence committee hearing.

China has reduced its imports of Iranian oil and "it remains to be seen whether that continues. It appears that Saudi Arabian production is ramping up and can fill some of the demand that might have been met by Iranian exports now that there are the sanctions on the Central Bank of Iran," Petraeus said.

The United States imposed the harshest sanctions so far on Iran due to concerns over its nuclear program. The West worries that the program is for developing nuclear weapons, but Iran says it is for peaceful purposes.
Petraeus said the sanctions were having an impact.

"The sanctions have been biting much, much more literally in recent weeks than they have until this time," he said.
"What we have to see now is how does that play out, what is the level of popular discontent inside Iran, does that influence the strategic decision making of the Supreme Leader and the regime, keeping in mind that the regime's paramount goal in all that they do is their regime survival," Petraeus said.

CIA chief says appears Saudi oil ramping up | Reuters

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > CIA chief says appears Saudi oil "ramping up"

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fukushima: "China Syndrome Is Inevitable" ... "Huge Steam Explosions", or "Nuclear Bo Quick Summary News and Current Events 0 November 22nd, 2011 01:50 AM
U.N. nuclear chief says "must alert world" about Iran GridKing News and Current Events 0 November 17th, 2011 12:02 PM
How to change "Stop Loss" and "Take Profit" in "shElderImpulse" Strategy javed759 NinjaTrader 1 November 1st, 2011 10:44 PM
"mid", "buy", "sell" volumes lokgotkent Traders Hideout 6 September 30th, 2011 01:24 PM
Article about "peak oil" Looking in the Rear View Mirror kbit Commodities Futures Trading 2 June 15th, 2011 03:59 PM

All times are GMT -4. The time now is 03:46 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-22 in 0.07 seconds with 19 queries on phoenix via your IP