On Geopolitics

Saudi Oil Policy Is Set in Stone

Matthew Bey
Senior Global Analyst, Stratfor
May 24, 2016 | 08:00 GMT
Riyadh is prepared to continue protecting its share of the global oil market. Saudi Arabia's course for the next several years is set. Now it must convince its younger generations that it's the right course.
Riyadh is prepared to continue protecting its share of the global oil market. Saudi Arabia's course for the next several years is set. Now it must convince its younger generations that it's the right course.
(MARWAN NAAMANI/AFP/Getty Images)

Riyadh is prepared to continue protecting its share of the global oil market, allowing concerns about low oil prices to take a backseat. Saudi Arabia will have no choice but to redouble its efforts to restructure its economy away from excessive spending and an reliance on energy revenues....

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