Saudi cuts deal with China for joint refinery.
Saudi/Chinese trading partnership strengthens.
Canada pushes for pipeline deal with China.
Saudis want oil prices above $100 a barrel
Strait of Hormuz drama.
China/Iraq oil deal
Afghan/China oil Deal
Why are the Saudis intent on keeping oil priced so high? Inflation of the U.S. dollar, maybe? This news broke around the same time the Federal Reserve announced a new round of Quantitative Easing. (See here)