| Saudi Arabia will not change course on its strategy of retaining market share and exports are expected to remain at around current levels for the remainder of this year and next year, according to a report released by Jadwa Investment.
Latest data available shows that year-to-August exports in the Kingdom were up 3 percent year-on-year, at 7.38 million barrels per day, below 10-year highs of 7.54 million bpd, recorded in 2012, Jadwa researchers say in their Quarterly Oil Market Update issued recently. Both Saudi Arabia and Iraq saw the largest year-on-year increases in OPEC supply in Q3 2015 pushing the organization’s output to a two-year high of 32 million bpd...............................................Full Article: Source
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