The oil market continues to be oversupplied and barrel prices remain low. It’s mostly the Saudis’ doing, and its part of their strategy to replace OPEC with a new Global Corporate Oil Board. The newest developing is boost in domestic refining and growth in their refined product exports. Where does everyone else stand, and where will this go?….EconoMonitor
The Crafty Saudis: How They’re Sustaining Low Oil Prices
Aaron Menenberg
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