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OIL

In Major Shift, Saudi Aramco Dabbles in Oil Trading

Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary.

OIL

Oil Prices Fall Below Break-Even for Several Nations

Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period.
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