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Facing Dire Financial Straits, Saudi Arabia Delays Contractor Payments To Preserve Cash

“One narrative we’ve recounted time and again over the past six or so months revolves around the extent to which Saudi Arabia has put itself in dire financial straits by stubbornly keeping crude prices artificially suppressed in an effort to i) bankrupt the US shale space, and ii) pressure the Russians.”

http://www.zerohedge.com/news/2015-10-19/facing-dire-financial-straits-saudi-arabia-delays-contractor-payments-preserve-cash

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2 replies »

  1. Everything said made a ton of sense. However, think about this, suppose you were to write a awesome headline?
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