08-05-2015, 11:18 AM
(08-05-2015, 10:32 AM)CityFarmer Wrote: I reckon you will agree, one of the reasons of Saudi, to maintain production amid lower oil price, is to keep its market share, right? It might be a change of strategy vs the past, due to the new King...
No wor. I believe that they see no point in supporting expensive producers and it doesn't hurt them having their rivals suffer from a lack of funds.
As far as I can tell, the evidence is that Saudi have not been really concerned about market share.
