Saudi Arabia gambles it can raise oil prices without losing too much market share

Saudi Arabia gambles it can raise oil prices without losing too much market share
30 September 2016, London — The Organisation of the Petroleum Exporting Countries surprised oil traders and analysts by announcing a production deal following a hastily convened extraordinary meeting in Algiers on Wednesday. The Algiers agreement seems to have been designed to engineer an increase in prices by changing market sentiment rather than reducing the physical […] More »
Saudi Arabia gambles it can raise oil prices without losing too much market share Saudi Arabia gambles it can raise oil prices without losing too much market share Reviewed by Crude Oil Facilitators on 19:26 Rating: 5

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