Tuesday 2 January 2018

Oil's Famous Five: People Who Could Define the Market in 2018 - Bloomberg

Oil's Famous Five: People Who Could Define the Market in 2018 - Bloomberg:

"Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine?

After ending 2017 at a two-year high, oil prices could go either way this year, and these five individuals could play defining roles.

Saudi Minister of Energy and Industry Khalid Al-Falih is facing a crucial 12 months. Having defied skeptics in 2016 by reversing the kingdom’s strategy and sealing the Organization of Petroleum Exporting Countries’ first output cut in eight years, the former chairman of Aramco finished last year on another high after securing a deal to extend the curbs to the end of 2018. "



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