Saudi Arabia’s Second Big Gamble Will Take The Oil Market For A Rough Ride

Shah-Salman-Bin-Abdulaziz

After causing a collapse of the oil market, Saudi Arabia will soon have no choice but to push oil prices higher—to give a boost to Aramco IPO. For the last two years, Saudi Arabia wanted oil prices to stay below $40 in order to halt the American fracking revolution, which has turned America into the world’s largest oil producer.
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