Search: Saudi Arabia,Europe (2 materials)

Is Oil Low Price Going to Sustain the Economic Recovery?

... interests on their national debt that the net loss from selling less product would be unbearable in the short run, even if it may yield better returns in the long term. Some others would instead benefit, but deliberately chose not do so, most notably Saudi Arabia. Countries belonging to this group may be employing this strategy to gain a competitive advantage over a broader time horizon. If you are interested in an in-depth analysis I refer you to my previous article A Chess Match for the Control ...


A Chess Match for the Control of Oil

... into the excess of offer, which inevitably led the price to decline and eventually drop dramatically, since the onset of the crisis around June 2014. One key aspect is that producing countries, and notably OPEC's highly influential member Saudi Arabia, refrained to cut their output, which has inevitably aggravated the situation. There are currently two theories trying to make sense of the position of Saudi Arabia, that I will analyze in a moment. Both of them are reasonable, and non ...


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