bbc/news/business-29643612. True Saudi Arabia needs Oil prices to - TopicsExpress

bbc/news/business-29643612. True Saudi Arabia needs Oil prices to be relatively high on the run (85 dollars a barel) but on the short run it can withstand the low oil prices, because it has a large reserve fund. On the long run when Oil prices pick up Saudi Arabia would stand to gain a larger market share as higher cost producers were forced to shut down ( in Russia, Iran, Venezuela, US Shale oil, Alberta.....). Similarly the Gulf States and Emirates can withstand lower oil prices due to large reserve funds, and lower oil prices to balance the budget, and may gain on the long run.

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