All content in this website is sourced legitimately

Page No: 1
Oil demand and supply-I: Battle still on
Aug 04: 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
8Ali al-Naimi's strategy did not work and he lost his job.
8Saudi Arabia, in the face of quickly declining foreign exchange reserves, is trying to shore up the market by leading production cuts
8The website carries here an interesting picture of declining crude prices in relationship with the decline in Saudi foreign exchange assets
8But the battle is not over yet between US shale and Saudi oil
Click on Reports for more


Back  |  Top