Remove Articles Remove Market Remove Oman Remove Production
article thumbnail

Saudi Arabia And Iran Reignite The Oil Price War

Green Car Congress

The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. efforts to curb Iranian production. to US$1.20

article thumbnail

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market. by Nick Cunningham of Oilprice.com. mb/d in December to 2.7