NO ONE ENVIES THE SAUDIS
FT - Even five years ago, Saudi Arabia was in an economically enviable position. A few unsettling trends were unfolding: hybrid and electric cars were becoming more common and oil companies were driving wells across the shale basins of the US. But neither green vehicles nor shale oil was price competitive with their conventional predecessors, and Brent crude, the global oil price benchmark, was over $100.
No one envies the Saudi Arabians now. Yes, the Brent price has rebounded from its of 2015-16 lows to stabilise…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.