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Tuesday, 28 March 2017

COLUMN-Market share or higher prices? The Saudi, Russia oil dilemma: Russell | Reuters

COLUMN-Market share or higher prices? The Saudi, Russia oil dilemma: Russell | Reuters:

"Saudi Arabia and Russia are likely to discover that when pursuing two incompatible goals, the one deemed less important will ultimately be sacrificed. The world's top two oil exporters appear to be chasing both higher crude prices through their curbs to production and market share by increasing exports, at least in Asia, the world's biggest crude importing region and the fastest growing. The question is which of these two goals will ultimately be abandoned in favour of the other, and how long will it take for Saudi Arabia and Russia to realise the incompatibility of their dual ambitions?"



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