It's all very well for Saudi Arabia to say Brent crude should drop to $100 a barrel, but it's another matter entirely as to whether the world's biggest oil exporter can actually make that happen. The problem is that when producers wish to raise prices by reducing supply, they are generally successful.
But when they want to lower prices, mainly by boosting supply, they are less successful as more oil in the market
doesn't necessarily remove the reasons prices are high in the first place.
It's also a question as to whether a decline in Brent to $100 a barrel will actually be enough to prevent prices from falling in a more destructive way, that is through demand being slashed by renewed recession in Europe, more rapidly slowing growth in China and the at best tepid economic expansion in the United States.
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