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Saudis can cope with LOW oil price ! |
19 Jan 2015 14:15 #235076
by ketchim
Saudi Arabia can cope with low oil prices for "at least eight years"
:
Minister of petroleum .
Minister of petroleum .
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19 Jan 2015 14:16 #235077
by ketchim
Mohammed al-Sabban said the country's policy was to defend its current market share ;
by enduring low prices.
"You need to allow prices to go as low as possible in order to see those marginal producers
move out of the market,"
by enduring low prices.
"You need to allow prices to go as low as possible in order to see those marginal producers
move out of the market,"
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19 Jan 2015 14:18 #235079
by ketchim
The dramatic fall has been blamed on a sharp increase in production from North American shale
companies, which has increased the supply of oil and gas, helping to depress prices.
what I said earlier
companies, which has increased the supply of oil and gas, helping to depress prices.
what I said earlier
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