Saudi strategy to pump higher-cost competitors out of business appearing to work

Source: fuelfix.com --- Friday, May 27, 2016
saudiarabia has been fighting with fellow OPEC members since the oil rout started two years ago. For the first time next week, it can argue convincingly that its strategy of squeezing rival producers is succeeding. By stifling high-cost suppliers, the saudi approach has now almost eradicated the global oversupply, spurring a price rally of ... ...