4 ms·
I think It's a bit premature to suggest they're "about" to divest.
by cup 10y ago
I think It's a bit premature to suggest they're "about" to divest.
- Kinnard 10y agoI think they've been preparing for it for a while with their low oil price policy which has been ruinous for American oil producers[1]. I think they're just waiting for a "needle" to "break the camel's back"[2]. [1] http://www.theguardian.com/business/2015/dec/07/opec-plan-kill-us-shale-oil-price-down-seven-year-low http://www.theguardian.com/business/2015/dec/07/opec-plan-ki... [2] http://www.bloomberg.com/news/articles/2016-04-16/saudi-arabia-to-launch-plan-for-the-future-april-25-prince-says http://www.bloomberg.com/news/articles/2016-04-16/saudi-arab...