Moves from Saudis to defend market share sets up Opec showdown | The National:
"Saudi Arabia has been sending aggressive signals that it will defend market share, even if that means a sustained period of lower oil prices, setting the scene for a showdown with other Opec members, many of which feel the economic pain at much higher prices than wealthier Gulf producers are able to weather.
The clearest signal from the Saudis came on Friday in the latest monthly oil market report from Opec, where the kingdom officially reported that it increased oil production by more than 100,000 barrels per day last month, even while oil prices were sliding sharply.
Saudi Arabia reported that it increased oil production to 9.7 million bpd from just under 9.6 million bpd in August, a move that came as a surprise to the market. Opec carries both officially reported numbers and an estimate from “secondary sources”, which is made up of best guesses from a number of specialist news organisations."
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