firn---have you noticed the price of sour oil via Dubai and the KSA has been steadily weakening the last two weeks based on weak demand and a shift to more sales of light--at majority of the refineries outside of the US are designed for the light grade while a large number of US refineries handle only sour grades.

Read recently that the Russian budget absolutely requires a minimum price of 85 USDs per barrel.

We had talked way earlier about the potential of oil pricing as a pressure point.