Saturday, November 24, 2018

Middle East Eye: Trump and the "Saudi Effect"

By SIMON CONSTABLE

Was Saudi Arabia really responsible for the recent plunge in global oil prices?
The Gulf kingdom deserves some of the credit that US President Donald Trump doled out just before the US Thanksgiving holiday this week, when he thanked Saudi Arabia for "oil prices getting lower".
But a slew of other things are involved, including expectations that the demand for oil will decrease and increased supplies from North American shale-fracking operations, analysts say. Read more here.

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