| Saudi Arabia has a new game plan: to confuse oil traders and investors. That’s the impression one gets by listening to Saudi Arabia’s new oil minister – who is talking markets up one day, down the next day, and up the day after.
Ever since Saudi Arabia succeeded the US and became the world’s largest oil producer back in the 1970s, the Kingdom has played many games to master the oil market. Sometimes it was “swing” producer, filling occasional gaps created by production shortfalls by major oil producers to soothe the oil market...............................................Full Article: Source
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