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Hard data, cold logic
The past 18 months have been pretty torrid for anyone involved in the oil business, with crude prices having fallen 70% since June 2014. NewsBase Research is beginning 2016 with an attempt to decode what has happened, and what might happen next, as seen through the lens of our algorithms and datasets.
Last week (Part 3), we looked at the concept of “Market Share” and concluded that, in reality, the current industry buzzword has little relevance to the oil industry. In Part 4 we looked at various other potential motives for a prolonged price attack, ranging from geopolitics, to demand, to Saudi’s internal economic habits.
Last week we looked at some of the reasons as to why Saudi Arabia might be continuing its attack on global oil prices.
In the final part of our assessment of Saudi’s logic, we continue to look into why the attack might be happening and ask what might happen next.