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What Does The Next OPEC Meeting Have In Store?

Green Car Congress

MAY 23, 2016

Iran has increased its market share in the excess supply environment by offering large discounts , undercutting the Saudi and Iraqi prices for their deliveries to Asia. He said that without solutions to the conflicts in Syria and Yemen, an agreement is unlikely. OPEC is in a difficult situation.”.

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Saudi Arabia Iran Store Oil 150
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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

AUGUST 13, 2015

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In other major export markets, demand is stagnant. is no longer a growth market for oil exporters.

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Saudi Arabia Oil Iraq Iran 150
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