The current oil price war is changing its course after Saudi Arabia’s announcement that it is not planning to increase oil production to reach its full capacity.
Saudi Arabia | Offshore Post
Saudi Aramco just announced it has lowered the price of its Arab Light crude by the most since October 2015, showing it does not intend to change its plans amid Iran’s strong revival.
Legal action heats up POSH dispute, as Makamin Offshore hits back with legal counter claims agains the Singaporean’s, filed in the Saudi Arabian Courts.
Renewed oil price hopes after OPEC Russia pact on freezing oil production rates at January 2016 levels, although not all members are onboard.