Saudi Arabia And Iran It’s always the ultimate test when trading oil stocks – what to believe and what not to believe. Normally, you take earnings season with a grain of salt – never really sure what realities will come from the fantasies of CEO pronouncements and targets on conference calls. But this season has added other noise to make trading stocks more difficult – this time from the Iranian and Saudi oil ministers. In light of the missed opportunity at Doha to curb OPEC production, angry statements have emerged from both Iran and Saudi Arabia on oil production – the Iranians saying that they cannot be stopped in increasing their exports another 1m barrels a day in the next 12 months, the Saudi oil minister in turn threatening to increase production another 2m barrels a day. Both of these statements need to be taken with not a grain, […]