The Economist | It will take much cheaper oil for Saudi Arabia to take action The Economist THERE comes a time when any self-respecting cartel boss has to focus on protecting his turf. Saudi Arabia has spent the past nine months fighting to safeguard its share of the global oil market, increasing its own crude production to record highs. China's slowdown and cheap oil The Fed could be oil's only hope How long can the Saudis hang on with cheap oil? |