Oil market upheaval looms over Saudi succession
King Abdullah's death could not have come at a worse time for Saudi Arabia's vital oil sector as the absolute monarchy seeks to reassert its leadership in a fast-changing industry./ After an exceptional decade that saw it build up production capacity and huge financial reserves, Saudi Arabia is facing a major challenge from new market players -- in particular North American shale oil producers. The Gulf powerhouse now finds itself locked in a battle for market share against unconventional producers. It also faces challenges within the ...
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