SAUDIS NERVOUS ABOUT BECOMINGA PRICE MAKER IN GLOBAL ENERGY MARKETS
January 1st, 2013
SHOULD Middle Eastern oil producers, Saudi Arabia in particular, be price makers rather than takers, confined to influencing prices through OPEC quotas? With OPEC's contribution to overall oil production dwindling compared to non-OPEC producers' output, and rising domestic demand in the Arab world, there are strong arguments for price signalling, but the turmoil in the region means any change in strategy will be difficult to implement.At the very tail end of 2012, a delegation from the Shanghai Futures Exchange visited Riyadh to lobby the Saudi Arabian ...
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