Oil producers brace for market share battle

Oil producers brace for market share battle

This article supplied by Troy Media. By Rashid Husain Syed OPEC+ launches a crude oil price war, and everyone will feel the pain The gloves are off. OPEC+—the alliance of major oil producing countries led by Saudi Arabia and Russia —has abandoned its price-support strategy. Instead, it’s flooding the market to punish overproducers and claw back market share, regardless of the consequences. For three consecutive months, despite falling prices, OP…

Shaking up global oil markets

Ng Weng Hoong, Contributing Editor, explores the turbulence in the Asian oil and gas markets, while considering the future of the industry in the region.