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Wednesday, 1 February 2017

Saudi Arabia cannot escape destiny as swing producer: Kemp | Reuters

Saudi Arabia cannot escape destiny as swing producer: Kemp | Reuters:

"Saudi Arabia has been forced to return to the role of swing producer in the oil market, despite the country’s insistence for three decades it would never play the role again. Saudi Arabia and its allies in the Gulf Cooperation Council (GCC) account for the majority of production cuts made so far under the OPEC and non-OPEC accords reached in November and December. By cutting their own output deeply, Saudi Arabia and its allies have masked the low level of compliance from the rest of the organization."



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