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Financial Times: Saudi claims oil price strategy success


Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world’s largest crude exporter seeks to reassert itself as the dominant force in the global oil market.

The kingdom’s production rose to a record high of 10.3m barrels a day in April and there is no sign that it plans to reverse its policy at next month’s meeting of Opec, the producers’ cartel, in Vienna.


More News On Saudi Arabia Claiming Success In The Oil Price War

Saudi Arabia Says Its Flood Of Low-Cost Oil Is Hobbling US Shale Rivals -- IBTimes
Saudi Arabia claims success in tussle for oil market share -- RT
Saudi Arabia continues oil market war -- Press TV (Iran)
Saudi Arabia Continues To Turn Screws On U.S. Shale -- OilPrice.com
Saudis Boosted Oil Output in April as U.S. Idled Rigs -- Bloomberg
Saudi Arabia Winning War on US Oil -- Live Trading News
Is Saudi Arabia Drowning Rivals in Oversupply? -- Chris Dieterich, Barrons
IEA Says OPEC Battle for Oil Market Share Only Just Started -- Bloomberg

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