Oil Crunch to Help Saudi Ara­bia

The Economic Times - - Commodities Plus -

There’s an oil sup­ply crunch loom­ing and Saudi Ara­bia and its lo­cal al­lies are po­si­tion­ing them­selves to take ad­van­tage. In what would be the sec­ond phase of the king­dom’s strat­egy to de­fend its mar­ket share against ri­vals, Gulf states plan to raise out­put ca­pac­ity to fill the hole left by lack of in­vest­ment in projects else­where.

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