Saudi Arabia’s then Oil Minister Ali al-Naimi had once said
that “whether it goes down to $20, $40, $50, $60, it is irrelevant,”. This was
when Saudi Arabia had tried to run US shale producers to the ground by driving
the price as low as possible
Ali al-Naimi's strategy did not work and he lost his job.
Saudi Arabia, in the face of quickly declining foreign exchange reserves, is trying to shore up the market by leading production cuts
The website carries here an interesting picture of declining crude prices in relationship with the decline in Saudi foreign exchange assets
But the battle is not over yet between US shale and Saudi oil
Ali al-Naimi's strategy did not work and he lost his job.
Saudi Arabia, in the face of quickly declining foreign exchange reserves, is trying to shore up the market by leading production cuts
The website carries here an interesting picture of declining crude prices in relationship with the decline in Saudi foreign exchange assets
But the battle is not over yet between US shale and Saudi oil
When will demand begin to fall?
The advent of electric cars is meant to cause demand to
begin a downward slide
But when is that going to happen remains a moot point
While some say that the point of inflexion can happen sooner than later, there are a lot of others who say that this point is not coming anytime soon.
But when is that going to happen remains a moot point
While some say that the point of inflexion can happen sooner than later, there are a lot of others who say that this point is not coming anytime soon.
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