Saudi oil minister says could boost oil output, increase market share easily

Author: Justin Low | Category: News

Right, but the fact is that they won't ever resort to that

  • Could easily pump 12 mil bpd, take market share to 20-25%
  • But we are comfortable with current oil output, market share
  • It's nonsensical to fight for market share
All you need to know is that Saudi Arabia wants oil prices at $80. Hence, all this talk about them not fazed by losing market share to the US and how they can easily steal it back is all conjecture and nothing more.
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