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Saudi Arabia's ruthless gamble to annihilate US rivals - Economic Scenarios
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Saudi Arabia's ruthless gamble to annihilate US rivals - Economic Scenarios
Saudi Arabia is preparing for a long oil price war with its rivals, Bank of America’s top commodities expert told Bloomberg . According to Francisco Blanch, head of commodities research at BofA, the looming oil price war will be “long and shallow,” rather than “short and intense,” as the Kingdom seeks to regain lost market share, especially to U.S. shale producers. Last month, OPEC+ announced a third production increase of 411,000 barrels per da…
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