BofA: The Saudis are readying for a long oil price war
Oil & Gas 360º
JUNE 11, 2025
Commodity experts began warning last year that Saudi Arabia was willing to ditch its traditional role as OPEC’s swing producer by abandoning its unofficial price target of $100 a barrel in favor of increased output. a barrel, while the spread between the December 2025 contract and the December 2026 contract widened by 10 cents to $0.53.
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