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Oil prices: Saudi Arabia's response confuses market
Aug 22: Saudi Arabia is known to be a sober and responsible oil producer, interested in trying to manage the Brent price within a very narrow range of $70 to $80/barrel for now:
8In this context, why did the Kingdom lower its output in July?
8Does this mean that it is not interested in capping the oil price on the upside?
8Saudi Arabia pockets a hefty part of the total oil revenues generated by oil exporting countries but its earnings, even as prices go up, are much lower than what it had been in the past
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