Saudi Arabia’s capacity U-turn was months in the making
Reuters exclusively reported that Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the […] The post Saudi Arabia’s capacity U-turn was months in the making appeared first on Reuters News Agency.
Reuters exclusively reported that Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the making, after Riyadh concluded its vast spare capacity was enough to supply markets during crises and further investments in new fields would make no economic sense.
The post Saudi Arabia’s capacity U-turn was months in the making appeared first on Reuters News Agency.
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