Mideast Gulf oil exporters may engage in price war
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
Mideast Gulf producers in OPEC+ may eventually get into an oil price war with their American rivals and perhaps non-compliant members to claw back market share lost from extended and deep quota cuts while, at the same time, contemplating investments in the US energy sector to get in President Donald Trump’s good books. Saudi Arabia and seven members of OPEC+ seem to have acquiesced to Trump’s demands to lower oil prices by agreeing to proceed with the gradual unwinding of 2.2m b/d of voluntary cuts starting in April, after delaying the plan three times before he came to power. “At some point, OPEC is going to have to consider going into a price war mode,” said Jim Krane, energy research fell

Also in this section
20 June 2025
The scale of energy demand growth by 2030 and beyond asks huge questions of gas supply especially in the US
20 June 2025
The Emirati company is ramping up its overseas expansion programme, taking it into new geographic areas that challenge long-held assumptions about Gulf NOCs
19 June 2025
Geopolitical uncertainty casts a pall over expectations around demand, supply, investment and spare capacity
19 June 2025
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat