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Explaining Saudi Arabia’s Oil Export Strategy

OilPrice.com Friday, 16 February 2018
Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market than exit early from cuts (channeling Neil Young's 'it's better to burn out than fade away'). Al-Falih has gained a great deal of credibility over the last three-quarters of a year by outlining Saudi's next move in terms of exports, then following through on it. We should therefore take heed from his latest comments. Al-Falih also signaled that the kingdom will…
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