U.S. Shale Trade Braces for Elevated Saudi Oil Manufacturing

Saudi Arabia is again making info in the oil markets. In a pass paying homage to the disastrous note struggle of 2015-2016 (seek OPEC’s Trillion Dollar Miscalculation), the kingdom has made up our minds to enhance oil manufacturing in a market that is already adequately supplied. The goal is to reclaim misplaced market part from non-OPEC producers and send a decided message to fellow OPEC contributors who haven’t been sticking to the script. …
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