The talk of discussions between OPEC, the Organization of Petroleum Exporting Countries, of a deal has steadied the crude market, but Saudi Arabian pronouncements of boosting production to 13m barrels a day could start a prolonged price war say experts.
Analysts within the oi market believe that Saudi Arabia is declaring a price war on its partners in oil production with a view to protecting its market share and forcing the hand of the heavily indebted shale gas industry.
Even so the price of...
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