Bank of America Says Saudi Arabia Preparing for 'Long and Shallow' Oil Price War

Bank of America says Saudi Arabia preparing for 'long and shallow' oil price war

Saudi Arabia is trying to win back market share and punish Opec cheaters, experts say

Oil Market Shifts: Saudi Arabia Leads OPEC+ Drive to Capture India’s Energy Demand

Saudi Arabia, Russia, Iraq, and the UAE, major OPEC+ members, have increased oil exports to India, the world’s third-largest crude consumer. According to statistics, these four nations raised their combined crude shipments to India by 375,000 barrels per day (bpd) in May compared to April, earning a market share of almost 78%. The OPEC+ commitment to raise output by 359,000 bpd under the alliance’s production plan saw these four countries exceed…