Home / Crude Oil News / Oil And Gas News / Saudis go back to the future to take on U.S. shale rivals

Saudis go back to the future to take on U.S. shale rivals

- ,

NEW YORK (Bloomberg) -- The Saudi oil minister’s visit to Venezuela this week is also a trip through time. Flash back to December 1998 when Saudi Arabia looked to its fellow OPEC member for help lifting oil prices from about $10/bbl. Back then, the Saudis were defending their dominance in the global oil market from new suppliers in Latin America. Now the desert kingdom is cutting prices to the U.S. to contend with upstart shale producers.


..»
Saudis go back to the future to take on U.S. shale rivals Saudis go back to the future to take on U.S. shale rivals Reviewed by Crude Oil Brokers on 12:18 Rating: 5

No comments:

Post a Comment

Subscribe to: Post Comments ( Atom )

Trending Oil Industry News

About Crude Oil Brokers Ltd

Crude Oil Brokers Ltd is a dedicated global crude oil buyer and seller brokering or facilitating company. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the oil buying and selling brokering.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Brokers, click here ». To learn more about Crude Oil Brokers Ltd, click here


Crude Oil Brokers

Powered by Blogger.