Monday 20 October 2014

Saudi Arabia keeps the oil market guessing - FT.com

Saudi Arabia keeps the oil market guessing - FT.com:



"As oil prices have tumbled, one question has reverberated around the market: what is Saudi Arabia up to?



Little restraint has been shown by some energy market watchers in their commentary on the recent sell-off and the role played by Opec’s biggest producer.



The 25 per cent fall in the price of Brent crude since mid-June, to almost four-year lows, they say, is the result of a deliberate strategy by the Gulf nation to test the mettle of rival producers from Russia, to fellow Opec member Iran and US shale producers."



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