31.03.2015 - Riyadh dancing in new oil market
Saudi Arabia is forced to react to changing crude oil market dynamics by offering discounts to its potential clients in Asia, Wood Mackenzie said Monday. "Saudi Arabia had to cut its price in Asia to ensure its crude oil remained attractive to the region's refiners," Wood Mackenzie market analyst Sushant Gupta said in a statement Monday. "Hence, having competitive prices will be an important mechanism that Saudi Arabia would be adopting to secure its market share."..............................................Full Article: Source
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