Callum Turcan
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Callum Turcan in Oil & Gas Investing,

Saudi Ready To Boost Oil Price, But Only If Other Producers Cut, I'm Doubtful

Reuters reports that Saudi Arabia would be willing to help support prices if other countries agree to a cut. I question whether or not this is simply a way for the major oil exporter to boost prices, as there is little sign that other nations are willing to substantially cut their own output as they know that US shale producers could easily boost output and take up market share.