Al-Badri warned the current glut is setting the stage for a future supply shock, with prices lurching from one extreme to another in a deranged market that is in the interests of nobody but speculators. “It is vital that the market addresses the stock overhang,” he said.

Well, Duh. When The Saud announces that they are down to just the last 10% of their wells and there is “no more” their profit will skyrocket and they can just buy their way out of the trouble they are causing