Tag Archives: Rosneft

Saudi Arabia could be playing a longer game, intensifying its market share strategy by encroaching on Russia's traditional market in Europe. An increase in Saudi oil flowing to Europe threatens to undermine Russia's principle market.

Saudi Arabia and Russia cannot long withstand the pain they have brought upon themselves by maintaining low oil prices. They have, in effect, turned no pain no gain into intense pain no gain and set in motion the possibility neither will exit the low price Crudedome under its own power.