Saudi Arabia’s capacity U-turn was months in the making

[NelsonGoni]

Saudi Arabia’s capacity U-turn was months in the making 

Reuters exclusively reported that Saudi Arabia’s surprise reversal of its oil expansion ambitions was at least six months in the making, after Riyadh concluded its vast spare capacity was enough to supply markets during crises and further investments in new fields would make no economic sense. 

The post Saudi Arabia’s capacity U-turn was months in the making  appeared first on Reuters News Agency .

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