The US-Saudi Relationship Is In Danger of Falling Apart
Big Take
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The October Surprise and the Future of Oil Prices
Analysts are expecting oil prices to be above $80 per barrel over the coming years. OPEC plus members like Russia, Saudi Arabia and Iraq have large spending needs. Shale oil used to provide a competitor to OPEC plus because when oil prices rose, that meant shale became more profitable. That's no longer the case because shale is more focused on delivering profits rather than expanding output.
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