A minority piece of Saudi Aramco is now public, Iran allegedly bombed a Saudi export facility, control of Iraq is being contested, the U.S. and Iran are battling with missiles, Qatar has left OPEC. Here’s a breakdown of how and why Middle East developments exert diminished sway over world oil prices today. Watch the presentation from the recent DUG Bakken & Rockies conference & exhibition in Denver.

Tom Petrie, Chairman, Petrie Partners

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