Saudi Arabia is seeking to take out a huge oil companies from the market

08/31/2015 22:01



One of the main reasons that Saudi Arabia is seeking its output US producers of oil and oil shale out of the market, but because this did not work after that US companies have used technological methods and financial plans maintained its continuation.

BAGHDAD / obelisk confirmed analyst who specializes in the oil that Saudi Arabia is seeking to bring out the huge oil companies of the market and the decline of oil prices historical rates, such as those we are currently experiencing rise to problems in countries breakdown of the former Soviet Union.

He said Fareed Zakaria presenter and analyst in an interview reported by "CNN" and I followed, "obelisk" that "one of the main reasons for the continuation of the decline of oil prices is that Saudi Arabia, which is considered a major player in the world of oil-producing countries have decided to continue pumping .. Saudis they know that to continue pumping Saavem but they hope that this is also going to hurt everybody even more according to what he said Maguirra. "

Zakaria and pointed out that "one of the main reasons that Saudi Arabia is seeking its output US producers of oil and oil shale out of the market, but because this did not work after that US companies have used technological methods and financial plans maintained its continuation."

He explained Zakaria "We are now witnessing a historic decline in oil prices to fall by more than 50 per cent in less than a year, and when something similar happened in the eighties the Soviet Union collapsed, what now will happen? He told me Nick Butler, the former head of strategy at British Petroleum BP, we will see a longer period where the price of oil sub-par compared to the eighties. "

He said Zakaria "Butler pointed out that this decline comes because of a perfect storm, where the amounts continuing to appreciate the offer because a contract in which oil has seen a rise in prices encouraged producers to invest more money in search of new resources and this will push the rate of production to continue high for years."

He added, "For his part, Leonardo Maguirra, former chairman of the strategies in the Italian oil company ENI said that there is not anything they can do in order to stop this phenomenon, and is expected to drop the price of a barrel of oil to $ 35 in the next year."


http://almasalah.com/ar/news/59571/السعودية-تسعى-لإخراج-شركات-نفطية-ضخ