Sunday, October 19, 2014

World recession driving oil price war

As Oil Prices Plummet, Saudi Arabia Faces a Test of Strategy - NYTimes.com: "Others say the kingdom is facing lower prices no matter what it does because it cannot control the causes of the price dive, which include the drilling frenzy in North America and falling demand in Europe, Japan and much of the developing world. So it makes sense for the Saudis to defend their share of the global market, oil experts say."

No comments: