Dr Florence Eid-Oakden, CEO and Chief Economist of Arabia Monitor, shares her views with AA Energy Terminal on Saudi Arabia’s IPO, Trump’s visit and the OPEC.
“Saudi Arabia would genuinely like to see a higher price for oil, for revenue and expenditure purposes, and it would also like to see that higher price protect its market share”.
“Saudi-Russian agreement will help, but not solve the oil glut problem. There are many other factors, such as U.S. supply, the rapid return of shale oil supply at lower marginal cost, and OPEC member compliance that will come into play on the supply side. On the demand side, the factors we know well is the Chinese [economic] growth,” she said.
Read the full article here.