| Despite a nearly 30% fall in oil prices since a June meeting, don’t expect the Organization of the Petroleum Exporting Countries’ top exporter, Saudi Arabia, to back down from its strategy of fighting for market share.
Instead, on Dec. 4 in Vienna, members of the oil-producing group are likely to spend their final meeting of 2015 much like they’ve spent the entire year so far: complaining about low prices but doing nothing about them. “Saudi Arabia will say no change,” Brian Youngberg, senior energy analyst at Edward Jones, told MarketWatch...............................................Full Article: Source
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