Saudi Arabia ’s surprise oil capacity U-turn was months in the making, source says

Saudi Arabia’s surprise reversal of its oil expansion plan was at least six months in the making and spurred by uncertainty over the market’s need for additional spare capacity, an industry source told Reuters on Wednesday. State oil giant Aramco was ordered by the Saudi energy ministry on Tuesday…#saudiarabias #aramco #saudi #opec #riyadh #saudiarabia #angola #hsbc #nonopec #brazil
Source: Reuters: Health - Category: Consumer Health News Source Type: news