Ras Tannura's oil production plant near Dammam in Saudi Arabia's eastern province. Photo: AFP
Clyde Russell
Opinion

Opinion

Macroscope by Clyde Russell

Saudi reduction shows cycle of weak crude oil pricing is not over yet

Although traders expected a bigger cut, the kingdom's strategy reflects desire to maintain share in an over-supplied Asian crude market

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Ras Tannura's oil production plant near Dammam in Saudi Arabia's eastern province. Photo: AFP
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