Higher Oil Prices on the Horizon after Saudi Arabia Flexes Its Muscles
Tuesday, 21 April 2015 - 17:32
The collapse in oil prices over the past year was driven by one major force - Saudi Arabia.
After watching U.S. shale players and countries like Brazil, Angola, and Russia increase oil production and taking market share over the past two decades Saudi Arabia are now taking back the oil market.
The last six to nine months have shown that Saudi Arabia will do whatever it takes to break the back of an oil market it thinks is broken.